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Gold Retreats as Middle East Tensions Ease Following Strikes /
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2024-05-06 04:58:27

Gold Retreats as Middle East Tensions Ease Following Strikes on Nostr: Gold Prices React to Mixed US Economic Signals as Investors Mull Over Federal ...

Gold Prices React to Mixed US Economic Signals as Investors Mull Over Federal Reserve's Fight Against Inflation
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#50bb159c ver:0.73

Gold prices decline as US economic signals are mixed and investors consider the Federal Reserve's fight against inflation. The US labor market report showed better-than-expected numbers, but wages and inflation remain a concern. Central banks continue to buy gold, and major banks predict higher prices. However, the Fed's firm stance on interest rates and a potential profit-taking among investors could weigh on prices. Bitcoin and stocks rally as markets finish strong. The fate of crypto in the US may be determined by the election outcome. Gold edges higher after mixed signals from the US, with cautious optimism over the economic outlook curbing demand for safety assets....

#newstr #Gold #UsEconomy #FederalReserve #Inflation

https://here.news/story/50bb159c?ver=0.73
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