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Gold market holding gains as IMF says global growth remains low but steady in 2024

From kitco.com

The gold market continues to hold its ground near record highs and within striking distance of $2,400 an ounce as the International Monetary Fund says it sees slower but stable growth through 2024. At its annual Spring meeting in Washington D.C., the IMF released its latest economic projects, saying it sees the global economy expanding 3.2% this year, the same as 2023. Advanced economies are expected to see their collective economies grow 1.7% this year, up slightly from 1.6% in 2023; meanwhile, emerging markets are expected to see growth of 4.2%, down slightly from the 4.3% reported last year. Despite the stable ... (full story)

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  • Category: Fundamental Analysis