XAU/USD: High Borrowing Cost to Continue Hurting Gold’s Safe-Haven Appeal

<p>Gold remains under pressure and probes through key Fibo support at $1909 (61.8% of $1804/$2080 rally) where the action was repeatedly rejected on Tuesday and Friday and hit the lowest in 3 ½ months. Bullion is weighed by renewed hawkishness in rate outlook, on signals from Fed that borrowing cost may stay high longer than […]</p>
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