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Gold
November 9, 2023377Views0Likes0Comments

China continues to buy gold

The latest data on China’s foreign exchange reserves, issued late last week, showed the country bought a further 23 tonnes of the metal in October, marking the 12th successive month of active gold purchases. This took China’s reported gold reserves to a total of 2,215 tonnes, an increase of 204 tonnes since the beginning of…

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Gold
November 6, 2023475Views0Likes0Comments

Gold Price Forecast: XAU/USD consolidates near $1,990 amid improved risk appetite

Gold price hovers around $1,990 per troy ounce during the Asian session on Monday, struggling to continue the winning streak. However, the bullion prices improved on expectations that the US Federal Reserve (Fed) may conclude its monetary policy tightening after the subdued employment data from the United States (US). However, Gold prices could experience downward pressure…

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Gold
November 6, 2023297Views0Likes0Comments

Wall Street analysts see virtually no downside for gold prices, retail investors maintain bullish outlook

Gold traded in an elevated and narrow range this week, frequently testing the $2,000 psychological price barrier without ever managing to break decisively above it. The precious metal continues to be trapped between evenly balanced opposing forces, as declining bond yields and optimism that the Fed funds rate has truly peaked compete with the pullback in…

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