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  • Gold Prices Surge As U.S. Bank Woes Taper Rate Hike Expectations

    Gold Prices Surge As U.S. Bank Woes Taper Rate Hike Expectations0

    Gold prices hit a one-month high on Monday, recovering sharply from recent losses as markets bet that a burgeoning banking crisis in the U.S. will push the Federal Reserve into softening its hawkish rhetoric in the coming days. The dollar fell sharply against a basket of currencies, while an inversion in the yield curve lessened

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  • Gold Prices Muted Ahead of Fed Meeting as Safe Haven Appeal Wanes0

    Gold prices moved in a tight range on Wednesday, stabilizing after a sharp drop in the prior session as markets hunkered down ahead of a Federal Reserve interest rate decision, while easing fears of a banking crisis spelled lesser safe haven demand for the yellow metal. Bullion prices were nursing sharp losses from the prior

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  • Gold Prices Mixed, Copper Sinks On Weak China GDP Target

    Gold Prices Mixed, Copper Sinks On Weak China GDP Target0

    Gold prices were mixed on Monday amid some uncertainty over U.S. monetary policy, while copper prices retreated sharply as major importer China set a weaker-than-expected GDP target for 2023, undermining expectations of a strong recovery in demand. Bullion prices were aided by a drop in the dollar last week, breaking a five-week losing spree as

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  • Gold Prices Hover Above 2023 Lows As Fed Uncertainty Persists

    Gold Prices Hover Above 2023 Lows As Fed Uncertainty Persists0

    Gold prices kept to a tight range on Tuesday after recovering slightly from their weakest level this year, as concerns over rising interest rates and anticipation of key U.S. economic readings this week kept traders largely on the sidelines. The yellow metal marked four consecutive weeks of losses as hotter-than-expected U.S. inflation and signs of

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  • Gold Prices Face Resistance At $2,000 As Fed Meeting Looms0

    Gold prices were muted in early Asian trade on Tuesday after touching key highs in the prior session as markets locked in some profits ahead of an upcoming Federal Reserve interest rate decision, while caution over a potential banking crisis kept safe haven demand strong. The yellow metal rallied sharply over the past week as

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  • Gold Prices Dip From $2,000, Banking Crisis in Focus

    Gold Prices Dip From $2,000, Banking Crisis in Focus0

    Gold prices retreated on Monday as traders locked in profits after a strong run of gains, but remained near key levels hit last week as fears of a global banking crisis kept safe haven demand high. Bullion prices surged to the over $2,000 last week amid concerns over the next domino to fall among U.S.

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