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Gold Struggles To Hold Gains As Fed Hawks Reduce Pivot Narrative

From fxdailyreport.com

Gold futures recorded small gains on Tuesday, unable to take advantage of a weaker US dollar and tumbling Treasury yields. The yellow metal has struggled for most of 2022, though it has found some silver linings on potentially the Federal Reserve pausing its tightening cycle next year and perhaps even slashing rates. December gold futures rose $1.60, or 0.09%, to $1,741.20 per ounce at 15:47 GMT on Tuesday on the COMEX division of the New York Mercantile Exchange. Gold prices are on track for a monthly gain, but they are still down about 4.9% year-to-date. Silver, the sister commodity to gold, topped $21 on Tuesday. ... (full story)

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  • Category: Fundamental Analysis