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XAU/USD: review and forecast on 17.08.2015

On Friday, the price of gold was volatile. During the first half of the day, the XAU/USD pair grew and reached the level of 1120.80, but after a strong data on Industrial Production came out in the US, demand for gold fell. According to the publication, Industrial Production for the last month grew by 0.6%, while experts expected a growth of 0.3%. Additional pressure on gold came from rising yields on the 10 years US government bonds.

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