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On 6 June, the European Central Bank (ECB) implemented its first rate cut in five years, reducing the interest rate by 25 basis points to 3.75%, despite higher-than-expected inflation figures from May. This move followed a similar rate cut by the Bank of Canada which reduced its interest rate by 25 basis points just a day earlier. These cuts reflect Western ...
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Volatility is picking up in the gold market as prices saw their sharpest decline in two years last week; however, the precious metal also showed strength as it attracted new investors last month. In its monthly analysis of gold-backed exchange-traded funds released Thursday, the World Gold Council (WGC) announced that global flows turned net positive in ...