Gold Price Consolidates as US Dollar Gains on Strong Retail Sales

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Gold (XAU/USD) trades sideways near $2,350 on Monday after Friday’s losses. Short-term demand has softened due to reduced geopolitical tensions and diminished expectations for imminent Federal Reserve (Fed) rate cuts. Market Movers Impact on Gold Rising US Treasury yields increase the opportunity cost of holding non-yielding assets like Gold. The 10-year yield climbed to 4.61%, […]