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Major central banks are gearing up to cut interest rates. But like their hiking cycles, this cutting cycle will be far from typical, we think. Why? The ECB is set to start easing before the Fed, but a wider policy gap between them will be temporary, in our view, even if a Fed hike is not impossible. Central banks are eyeing rate cuts with inflation still ...
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Gold prices inched down on Tuesday after rising 1% in the previous session as investors awaited U.S. jobs data due later this week for clues on the Federal Reserve’s interest rate trajectory. Spot gold was down 0.2% at $2,345.76 per ounce, as of 0323 GMT. Prices touched their lowest level in nearly a month on Monday before settling 1% higher. U.S. gold ...