Since August 22, driven by news of interest rate cuts and inflation, the XAU/USD (gold) price has risen by 150 ounces, highlighting the frenzy in the gold market. Currently, the gold price is hovering around 3470 ounces. It is expected that the gold price will rise further after the Labor Day holiday ends on Tuesday. The next target price for gold is between 3550 and 3570 ounces.
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