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Gold Price Forecast: XAU/USD drops to $2,020, eyed on US ADP data

Gold price trades in negative territory for the third consecutive day. The US ISM Services PMI exceeded expectations; JOLTS Job Openings declined to their lowest level since March 2021. The negative economic outlook in China might cap gold's upside. US ADP private employment, Unit Labor Cost data will be released on Thursday. Gold price (XAU/USD) loses momentum during the…

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Zimbabwe is paying $400 million Afrexim Bank debt with platinum exports

Zimbabwe is using the funds generated from its platinum exports to repay a $400 million loan from the African Export-Import Bank, as the financially strained nation leverages its mineral wealth to establish lines of credit. The southern African nation’s reliance on its platinum resources to secure borrowing reflects the difficulty Zimbabwe faces in getting loans from…

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