French Presidential elections

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Gold forecast: XAUUSD defends support ahead of key data and elections

Gold and silver have been on the rise in the last couple of days, recovering from weakness earlier in the week. Once again, gold has risen alongside equity markets, suggesting the recovery is not entirely driven by haven flows amid uncertainty surrounding the upcoming French snap elections, which appears to have only impacted the local stock and bond, as well as regional, markets.

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French election nerves reflected in the market

The first round of the French Presidential elections will be held on Sunday 11th April. The market has woken up to the possibility of a Le Pen win.

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