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Gold Prices React to Key US Inflation Data /
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2024-05-19 22:05:24

Gold Prices React to Key US Inflation Data on Nostr: Gold Prices Head for Second Weekly Gain Amid Expectations of Interest Rate Cuts ...

Gold Prices Head for Second Weekly Gain Amid Expectations of Interest Rate Cuts
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#1427aa63 ver:0.19

Gold prices fell slightly as central bank officials warned against betting on interest rate cuts, dampening confidence. Weak US economic data also contributed to the drop. However, gold is still set for a second consecutive weekly gain due to expectations of rate cuts fueled by US inflation data. Traders are closely monitoring the outlook for US interest rates for further guidance. Platinum has gained over 7% this week. #GoldPrices #InterestRateCuts #USInflation #Platinum...

#newstr #GoldPrices #UsInflation #FederalReserve #InterestRates #DollarIndex

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