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The gold market is spinning its wheels, caught in a stalemate, which could create some profit-taking among investors and weigh on prices in the near term. According to analysts, gold investors need more clarity from the Federal Reserve as a rate cut this summer becomes increasingly unlikely. "It seems that gold bulls are a bit tired now, and they need a ...
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Business activity in the US services sector continued to increase in April, but the rate of expansion slowed amid the first reduction in new orders since last October. Employment was also reduced as firms showed a reluctance to replace departed staff. On the price front, rates of both input cost and output price inflation softened at the start of the second ...