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Gold buyers look beyond current headwinds
Gold has stabilized since our last update last month which coincided with the yellow metal falling back below $2000 on a combination of a stronger dollar, rising US Treasury yields and the market pricing in a reduced pace of US rate cuts, currently trading within a 50-dollar wide range around $1960. The investment metal market has, as mentioned, been challenged by a further delay to the timing of peak US rate after recent economic US data continued to show strength while the drop in core inflation has slowed. While not ruling out additional short-term weakness the market is showing resilience, with silver and ... (full story)