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Gold Steadies Near $4,000 as Traders Weigh Interest-Rate Outlook
Gold steadied after the release of US economic data, as traders slightly pulled back on expectations for interest rate hikes. Suki Cooper, Global Head: Commodities Research at Standard Chartered Bank, discusses her outlook on the precious metals space and why central banks are buying gold amid the pullback.
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From thegoldforecast.com | 47 hr ago
After four sessions of bleeding lower, the metals finally found their footing. Front-month gold futures settled up 1% at $4,030.50 an ounce, and silver added 0.5% to close at $58.348, snapping a four-day losing streak for both. It was not a thunderclap reversal but after the week, we've had a green close above the $4,000 line is worth pausing on. What's ...