XAU/USD: Possible Values Decline for the Yellow metal

As the Dollar continues to retrace its steps from four-week highs, the gold market hopes to capitalize on recent recovery gains. Will XAU/USD break $1,850 during Powell's speech as Fed Chair? As investors stay away ahead of Jerome Powell's speech, the US dollar is currently declining from monthly highs. His remarks are likely to spark a new bout of volatility, which could provide the USD a new lift at the expense of Gold.

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