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Gold falls to near $5,100 as inflation fears weigh amidst Middle East conflict
Gold price (XAU/USD) faces some selling pressure near $5,100 during the early Asian session on Wednesday. The precious metal falls amid a renewed US Dollar (USD) demand and dimming prospects for US rate cuts. The US ISM Services Purchasing Managers Index (PMI) report will be published later on Wednesday. Inflation concerns are resurfacing as oil prices rise, leading markets to reduce the likelihood of a Federal Reserve (Fed) interest rate cut. The Greenback climbed to a three-month high, making USD-denominated gold more expensive for international buyers. Markets largely expect the US central bank to leave the ... (full story)
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From globalnews.ca|Mar 3, 2026The Iran war continues to roil global markets, but gold isn’t shining so brightly right now even though many have long considered it a safe haven during a crisis. Gold prices fell ...
From youtube.com/reuters|Mar 3, 2026Gold prices drifted lower, weighed down by a stronger dollar and fading prospects of an interest rate cut as inflation concerns intensified against the backdrop of a potentially ...
From advisorperspectives.com|Mar 3, 2026|6 commentsPresident Donald Trump said the US will provide insurance guarantees and naval escorts to ensure safe passage for oil tankers and other vessels through the Strait of Hormuz, ...
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From thegoldforecast.com|Mar 3, 2026Precious metals took a pronounced hit on Tuesday, March 3, 2026, as both gold and silver reversed course following weeks of record-breaking gains. Gold was trading at $5,161 per ...
From abs.gov.au|Mar 3, 2026|3 commentsKey statistics: • The Australian economy rose 0.8% in seasonally adjusted chain volume measures. • In nominal terms, GDP rose 1.8%. • The terms of trade rose 0.4%. • Household ...
From vtmarkets.com|Mar 3, 2026|2 commentsNeel Kashkari, President of the Federal Reserve Bank of Minneapolis, said it is too soon to know how the Iran war will affect inflation. He said the shock could affect monetary ...
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- Mar 3, 2026 5:45pm Posted byFundamental Analysis308
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