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Tag: Gold rate

Gold rate
News
Finn Scott February 5, 2024 0

Gold Slumps as Strong US Data and Fed Signals Dim Rate Cut Hopes

Gold prices slumped in Asian trade on Monday, as a combination of robust US labor market data and hawkish comments from the Federal Reserve dampened expectations of early interest rate cuts. The dollar surged to a near two-month high, while Treasury yields also rose, putting pressure on the precious metal....

Gold rate
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