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Gold forecast: XAU/USD in holding pattern after steep drop

After bouncing back some $300 off its lows yesterday, gold still closed the session lower by 1.9%, meaning it extended the losing run to 9 consecutive sessions. But today it was holding in the positive late in the day in Europe, with equity indices and crude oil also in a holding pattern.
Date: 24.03.2026  |  Source: forex.com
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Quotes

Instrument Price Change (%)
EURUSD 1.158600 -0.21703%
GBPUSD 1.338270 -0.30394%
USDJPY 158.971000 +0.38963%
XAUUSD 4403.610000 -0.065698%
USDCAD 1.376220 +0.27323%
NZDUSD 0.581950 -0.64535%
USDCHF 0.790060 +0.48458%
AUDUSD 0.696900 -0.58346%
EURGBP 0.865680 +0.17473%
EURJPY 184.180000 +0.17023%
GBPJPY 212.750000 +0.012222%
AUDJPY 110.785000 -0.14422%
CADJPY 115.505000 +0.12222%
CHFJPY 201.179000 -0.075001%
NZDJPY 92.501000 -0.25986%
GBPCHF 1.057260 +0.14113%
EURCHF 0.915350 +0.25849%
USDMXN 17.796800 +0.23543%
USDZAR 17.042040 +1.422%
USDTRY 44.339200 +0.013308%
USDRUB 80.499400 -1.73713%
USDSEK 9.341510 +0.25133%
USDCNY 6.891300 +0.16133%

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