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USD Falls as FOMC Support Smaller December Hike

Weekly Recap Another week comes to a close in financial markets and as we edge closer still to the final month of the year we’ve seen plenty of further important developments this week. The FOMC minutes, updates from the OECD, and changes in the Covid outlook in China have each played a key part in →Read more

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USD Falls as FOMC Support Smaller December Hike

Weekly Recap Another week comes to a close in financial markets and as we edge closer still to the final month of the year we’ve seen plenty of further important developments this week. The FOMC minutes, updates from the OECD, and changes in the Covid outlook in China have each played a key part in →Read more

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Gold rises ahead of US inflation data, could reach $2400 in this case

Global gold prices rose for the third consecutive session today, Thursday, amid investors’ anticipation of US inflation data scheduled for release later in the day to gain further insights into the Federal Reserve’s interest rate path. The dollar weakened, making the yellow metal priced in US currency more attractive to holders of other currencies. Investors →Read more

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Gold prices await Powell’s testimony

Gold prices rose in Asian trading on Tuesday, recovering some losses incurred overnight as traders awaited signals on easing from Federal Reserve Chairman Jerome Powell’s anticipated testimony. The yellow metal had declined on Monday but still held onto gains from the previous week, fueled by weak labor market readings that increased expectations of a September →Read more

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Most Popular

Gold rises ahead of US inflation data, could reach $2400 in this case

Global gold prices rose for the third consecutive session today, Thursday, amid investors’ anticipation of US inflation data scheduled for release later in the day to gain further insights into the Federal Reserve’s interest rate path. The dollar weakened, making the yellow metal priced in US currency more attractive to holders of other currencies. Investors →Read more

Read More

Gold prices await Powell’s testimony

Gold prices rose in Asian trading on Tuesday, recovering some losses incurred overnight as traders awaited signals on easing from Federal Reserve Chairman Jerome Powell’s anticipated testimony. The yellow metal had declined on Monday but still held onto gains from the previous week, fueled by weak labor market readings that increased expectations of a September →Read more

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