XAU/USD is currently experiencing an upward trend, primarily influenced by the rise in the U.S. Purchasing Manager Index (PMI). This increase in the PMI suggests a growing economy and heightened business activity, which in turn boosts investor confidence in gold as a safe-haven asset. Traders are advised to consider buying XAU/USD within the range of 2408 to 2434, taking advantage of the positive market sentiment and potential for further price appreciation driven by the prevailing economic conditions.
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