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Monthly Archives: August 2024

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Will Gold Break Records Amid Fed Dovishness And Rising Tensions?

Written on August 1, 2024 at 1:20 am, by

Fundamental Analysis * Dovish Statements from Fed and Risk-Off Sentiment: Gold prices rebounded and extended their gains, driven by two major factors. First, the Federal Reserve’s dovish tone and hints at potential rate cuts bolstered demand for the non-yielding asset. Second, escalating tensions in the Middle East added to the safe-haven appeal of gold asContinue Reading

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