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Goldman Sachs Group Inc. Chief Executive Officer David Solomon said he currently expects that the Federal Reserve won’t cut interest rates this year, amid an economy that’s proved more resilient thanks to government spending. “I still don’t see the data that’s compelling to say we’re going to cut rates here,” he said from an event at Boston College, adding ...
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We have seen a sizeable drop in precious metals prices today, with gold off by 1.2% and silver about 2% worse off compared to Tuesday’s close. The drop has coincided with a recovery in the US dollar. We have heard some hawkish-leaning remarks from various Fed officials this week, while the RBNZ talked up the prospects of another rate rise overnight. In the ...