Gold: XAU/USD corrects lower after setting new record-high

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Gold (XAU/USD) extended its uptrend and reached a new all-time high above $2,750. Rising US Treasury bond yields and the improving risk mood, however, made it difficult for the precious metal to preserve its bullish momentum in the second half of the week. The US economic calendar will feature Gross Domestic Product (GDP) data for the third quarter and labor market figures for October, which could significantly affect Gold’s valuation next week.

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