I didn’t read all the responses but I don’t know if anybody talked about, in true balanced, how one of the signal paths is inverted. So over the course of the cable if any RF or electromatic electromagnetic interference is introduced when the inverted signal is flipped back over at the destination those additions to the signal cancel out. This is why XLR is especially good for long runs. The additional line for the single path is also responsible for the 6 dB gain
Is that a description of CMRR?
(Common Mode Rejection Ratio?)