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Gold Price Forecast: XAU/USD picks up to $3,970 on risk-off markets

Gold (XAU/USD) is trading higher on Wednesday, supported by increasing demand for safe assets, with traders spooked by the sell-off in global equity markets.
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EUR/USD remains pinned near lows with Eurozone services data on tap

EUR/USD consolidates losses below the 1.1500 level on Wednesday's early European session, trading at 1.1488 at the time of writing.
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