FOMC

All eyes on Mr. Trump

Gold has a longstanding reputation as a safe-haven asset, especially appealing when economies face instability. According to Prithviraj Kothari, recent events have added a new layer of intrigue, including central banks reducing interest rates, countries moving away from the U.S. dollar, and the BRICS bloc introducing a new currency concept. The anticipation has pushed gold’s […]

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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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