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Gold Retreats as Middle East Tensions Ease Following Strikes /
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2024-05-08 23:55:46

Gold Retreats as Middle East Tensions Ease Following Strikes on Nostr: Gold Market Commentary: Factors Driving Demand for Gold from Central Banks and Asian ...

Gold Market Commentary: Factors Driving Demand for Gold from Central Banks and Asian Buyers
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#50bb159c ver:0.78

Gold prices decline as US job data falls short of expectations, weakening the argument for higher interest rates. Central banks continue to buy gold, with the strongest start on record in Q1. Major banks predict higher gold prices this year. Traders expect Fed members to support the Fed's stance, potentially impacting the gold price. Stagflation risks rise, driving demand from Asian investors. Western investors may also turn to gold amid economic uncertainty. #Gold #CentralBanks #AsianBuyers #USJobs #InterestRates #Stagflation #InvestmentStrategies...

#newstr #Gold #CentralBanks #Investors #Stagflation #EconomicOutlook

https://here.news/story/50bb159c?ver=0.78
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