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Gold Continues to See Uptrend Effect After CPI

Gold price remains firm on increased Fed rate cut bets, Middle East crisis

Gold price (XAU/USD) continues to enjoy decent demand on Monday’s European session amid multiple tailwinds. The precious metal is attracting investments as market participants seem more convinced about the Federal Reserve (Fed) reducing borrowing costs from March after the release of the surprisingly soft Producer Price Index (PPI) numbers for December. Investors expect that a decline in the…

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Geopolitical uncertainty and Fed rate cuts driving gold price momentum next week

Market conditions are aligning for the gold market as the precious metal benefits from safe-haven demand and growing expectations that the Federal Reserve will cut rates sooner than expected. The gold market is ending the week testing resistance at $2,050 an ounce and according to some analysts, the precious metal still has room to move higher…

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