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More recently, FOMC officials have continued to voice adamantly how the central bank will look through transitory rises in inflation and keep benchmark interest rates near zero for the foreseeable future.
With real yields turning low and precious metals regaining their luster, it seems increasingly likely that gold price action has officially bottomed around $1,680/oz.
The advance this week appears to have coincided with an acceleration in bullish momentum as highlighted by the MACD indicator and upswing in the relative strength index.
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