Gold Price Analysis: XAU/USD extending declines into $1,950

XAU/USD is testing into chart space around the $1,950 price level, and Gold is seeing downside pressure as markets readjust their expectations of the Federal Reserve's (Fed) willingness to ease back interest rates.
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US Dollar trims gains as US yields fall

The US Dollar (USD) accelerated its gains in Wednesday's session with the DXY index, which measures the value of the US Dollar versus a basket of global currencies, escalating to a high of 105.90 earlier in the session.
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