Gold Price Forecast: XAU/USD holds positive ground above $5,150 ahead of Fed rate decision

Gold price (XAU/USD) rises to near a fresh record high around $5,160 during the early Asian session on Wednesday. The precious metal extends its upside amid a weaker US Dollar (USD), ongoing geopolitical tensions and economic uncertainty.
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Australia Quarterly Consumer Price Index (QoQ) above forecasts (0.7%) in 4Q: Actual (1%)

Australia Quarterly Consumer Price Index (QoQ) above forecasts (0.7%) in 4Q: Actual (1%)
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