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Gold price loses momentum, with Fed speakers in focus
Gold price retraces on the rebound of the USD on Friday. The Fed's cautious approach weighs on the yellow metal. Gold traders will focus on the Fed’s Kashkari, Waller, and Daly speeches on Friday. The gold price (XAU/USD) trades with a bearish bias on Friday after retreating from the nearly $2,400 b
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Asian Shares Rally On U.S. Rate-Cut Bets
Asian stocks rallied on Thursday after Wall Street's three major indexes notched record closes overnight on optimism that inflation is heading back in the right direction and that there will be two interest rate cuts by the U.S. Federal Reserve in 2024. Gold was little changed in Asian trading after
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European Shares Set For Tepid Start As US Inflation Data Looms
European stocks are seen opening a tad lower on Tuesday as investors brace for key U.S. inflation data for important clues on the economic and rate outlook. The U.S. producer price inflation report is likely to be in the spotlight today along with Fed Chair Jerome Powell's remarks during a moderate
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Asian Shares Mostly Lower In Cautious Trading
Asian stocks ended lower on Monday after the release of weak lending and mixed inflation data from China. U.S. rate worries persisted, and Israel forces advanced deeper into Rafah despite warnings from the U.S. and Egypt, further weighing on sentiment. In addition, media reports suggested that the B
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Pull-up Update