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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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Gold price falls as bets supporting rate cuts in March ease after US CPI data

Gold price (XAU/USD) turns volatile as United States Bureau of Labor Statistics (BLS) has reported hotter-than-projected Consumer Price Index (CPI) data for December. Annual headline inflation accelerated to 3.4% against expectations of 3.2% and the former reading of 3.1%. In the same period, the core CPI that excludes volatile food and oil prices at 3.9%…

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