Category: Economics & Finance
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Gold Prices Slip After Hot US Retail Sales Data
The U.S. retail sales data, hotter than expected, triggered a slight slip in the global gold prices. Investors looked towards the bullish market, causing a fall in the appeal of the safe-haven metal. The dip was marginal and analysts are looking at the situation closely, predicting that the market fluctuations won’t greatly affect the robust…
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Gold value drops over 2% amidst strengthening dollar; anticipation grows for Federal Reserve policy cues
Today, the gold market experienced a decline of over 2% as the US dollar strengthened. Economists suggest this is due to an anticipation in shifts of the Federal Reserve’s forthcoming policy cues. Investors are eagerly awaiting these signals, which are expected to shed insight on the future of economic direction and how it may impact…