XAU/USD: Recovery May Extend Further on Fading US Rate Hike Prospects

<p>Gold price is holding within a narrow consolidation on Wednesday, following 0.9% acceleration on Tuesday. Fresh bulls extended recovery from $1884 (Aug 17/21 double-bottom) to the highest in three months, cracking important Fibo barrier at $1936 (50% retracement of $1987/$1884 bear-leg). The recent rally was mainly driven by soft economic data which hurt bets for […]</p>
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