Gold prices remain low, with the 50-day moving average capping any potential upside thanks to higher US yields and a slightly stronger US dollar. The US dollar also gained support following hawkish comments from Fed member Michelle Bowman, who said further rate hikes may be needed to keep inflation below target.
A break and close of the daily candle above the 50-day MA could push up towards the 100-day MA at 1967.67.
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