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Gold gains as US dollar eases ahead of Fed minutes

From cnbc.com

Gold prices ticked up on Wednesday, helped by a pullback in the dollar, while investors awaited minutes of the Federal Reserve’s latest policy meeting and U.S. jobs data for more clarity on the interest rate outlook. Spot gold was up 0.3% at $2,064.55 per ounce, as of 0454 GMT. U.S. gold futures were flat at $2,073. The dollar slipped 0.2% against its rivals, making gold less expensive for other currency holders. “Gold is in consolidation mode at the moment, really building on those 2023 gains with potentially more to come should the current expectations for a dovish Fed in 2024 hold,” said Tim Waterer, chief market ... (full story)

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  • Category: Fundamental Analysis