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A week loaded with economic data

Gold prices soared to record highs, with spot gold reaching a new peak of $2,4450.00 per ounce on Monday last week. Silver also hit its highest levels in several years earlier last week. However, Gold prices steadied in Asian trade on Friday, with traders remaining wary of the yellow metal before key U.S. inflation data […]

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Key Drivers Awaiting to influence Gold

After an impactful week that featured the FOMC rate announcement and April’s nonfarm payrolls report, analysts are looking at the dollar and technical indicators to gauge the likely direction of gold prices on Monday. As per Gold Update by Prithviraj Kothari, spot gold initially pulled back below $2,300 per ounce early during Monday’s trading session

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Wave like movements for gold

After an impactful week that featured the FOMC rate announcement and April’s nonfarm payrolls report, analysts are looking at the dollar and technical indicators to gauge the likely direction of gold prices on Monday. Spot gold initially pulled back below $2,300 per ounce early during Monday’s trading session but has since shown signs of life.

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Gold leaves markets perplexed

Gold Prices are up by 25% over the last six months, currently hovering above $2,400 per ounce. Safe-haven gold gained on Thursday as persistent tensions in the Middle East added to the metal’s appeal despite robust economic data from the U.S. that raised prospects of fewer interest rate cuts. Among the other factors demand for

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Key Drivers Awaiting to influence Gold

The past week in the gold market was significantly shaped by the Federal Reserve’s cautious approach to interest rate cuts. Federal Reserve speakers, including Fed Governor Christopher Waller and Fed Governor Lisa Cook, emphasized the need for more evidence of cooling inflation before considering rate reductions. Gold prices were set for a weekly gain on

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Glitters sends Jitters

Over the past two consecutive months, gold prices exhibited gains, culminating in a record-high of $2,137 in December. However, the intense sell-off post this peak has pushed the gold price into negative territory for the month when viewed from a monthly timeframe perspective. As per Gold update by Prithviraj Kothari, Gold has rallied in the

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It’s a data-packed week

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Gold prices edged higher on Monday, helped by a retreat in the dollar and bond yields, while investors awaited a slew of U.S. economic data this week for more clues on interest rate outlook. Gold has started the new week on a strong note as the FX market largely remains range-bound in part due to

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All eyes on important US data

All eyes on important US data

Last week gold witnessed a series of whipsaws as traders are being dependent on US data releases. Gold swung into action in the range of 1900-1950 $. Gold was little changed on Monday as investors awaited U.S. inflation data that could influence the Federal Reserve’s policy stance, The Labor Department’s employment report on Friday showed

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