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Gold Analysis: Decline Continues Amidst Important US Data
Previously, several Federal Reserve officials have recently highlighted the growing risks to the Labor market. Meanwhile, the latest US inflation data has dampened expectations of a 50-basis point interest rate cut by the Federal Reserve in September, according to the economic calendar, with core personal consumption expenditures prices rising 0.2% in July, in line with expectations. In general, financial markets still expect the US Federal Reserve to cut interest rates by 100 basis points during its remaining three meetings this year, which would lower the opportunity cost of holding non-interest-bearing assets. In ... (full story)
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- Posted: Sep 4, 2024 10:40pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 215
