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Gold steadies as traders look to Fed for interest-rate outlook
Gold was little changed as traders awaited minutes from the US Federal Reserve’s last meeting for fresh insights into the path for US interest rates. Bullion was near US$4,165 an ounce in early trading, after slipping 0.3 per cent in the previous session. The Fed will release details of its June meeting later this week, with bets on tighter monetary policy having eased following weaker-than-expected jobs data last week. “On balance, the market is taking a slightly more cautious view about the prospect for US rate hikes,” said Rhona O’Connell, head of market analysis for EMEA and Asia at StoneX. “This has ... (full story)
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