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Gold Retreats as Middle East Tensions Ease Following Strikes /
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2024-05-09 19:00:26

Gold Retreats as Middle East Tensions Ease Following Strikes on Nostr: Gold prices climb despite delayed Fed cuts as central bank demand slows ...

Gold prices climb despite delayed Fed cuts as central bank demand slows
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#50bb159c ver:0.87

Despite delayed Fed cuts, gold prices climb as central bank demand remains strong. The US labor market report caused a temporary jump in gold prices, but the Fed's restrictive monetary policy could lead to further declines. However, major banks predict higher prices this year. The US economy's health is uncertain, and the outcome of the election could impact the fate of crypto. Gold prices closed the week in negative territory, but traders are still pricing in a Fed rate cut. Overall, gold remains an attractive investment option. #goldprices #Fedcuts #centralbankdemand #USeconomy #cryptocurrency...

#newstr #Gold #UsLaborMarket #JoblessClaims #FederalReserve

https://here.news/story/50bb159c?ver=0.87
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