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Gold Prices React to Key US Inflation Data /
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2024-05-21 05:05:34

Gold Prices React to Key US Inflation Data on Nostr: Gold Prices Fall from Record Highs as Rate Fears Persist; Copper Retreats ...

Gold Prices Fall from Record Highs as Rate Fears Persist; Copper Retreats
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#1427aa63 ver:0.2

Gold prices fall from record highs as rate fears persist, while copper retreats. Central bank officials warn against rate cuts, dampening confidence. Weak US economic data also contributes to the drop. However, gold is set for a second consecutive weekly gain after US inflation data fuels expectations of rate cuts. Traders closely monitor US interest rates and central bank comments for guidance. #GoldPrices #RateFears #CopperRetreats...

#newstr #Gold #Copper #RateFears #SafeHavenDemand #GeopoliticalInstability #UsInterestRates

https://here.news/story/1427aa63?ver=0.2
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