0712 XAUUSD: Gold is poised for growth as rate hike nears its end

0712 XAUUSD: Gold is poised for growth as rate hike nears its end

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The recent decline in U.S. bond rates and a weaker dollar indicate that no matter how hawkish the Fed is, the market does not take it as a trend guide. The market therefore will not expect interest rates to trend up. Instead, it is just waiting for the moment when they go down.