Gold was stable as investors evaluated the Fed’s policy outlook

As investors assessed the Federal Reserve’s policy stance, gold experienced a minor disappointment, closing down -0.08% at 62249. To avoid impeding progress in lowering U.S. interest rates, the governor of the Federal Reserve has advocated for caution. The Conference Board announced that the consumer confidence index in the United States fell to 106.7 in February…

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Gold prices continue to decline despite longer-term increases in rates

Amidst growing speculation that the Federal Reserve will maintain higher interest rates for an extended period, gold prices declined during Asian trading on Monday. Nevertheless, the yellow metal managed to remain above crucial levels due to safe-haven demand and short-term dollar weakness. In January, traders unwound bets that the Fed would start lowering interest rates…

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A declining U.S. dollar and the Middle East conflict both contributed to gold’s slight increase

In the previous trading session, gold showed strong performance, closing at 61769. It was up 0.43%. The increase in demand for safe haven assets due to the ongoing Middle East turmoil and a weaker US dollar were the reasons for the price surge. The cautious market mood is partly due to investors attentively following remarks…

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The dollar held below 104 as investors processed the most recent CPI statistics, leading to increases in gold

The dollar index stayed below 104, and gold showed a slight rise, closing at 61,181, up 0.1%. Awaiting the Federal Reserve’s policy announcement on Wednesday, investors were intently examining the most recent Consumer Price Index (CPI) report. In line with market predictions, the U.S. consumer price inflation rate decreased to 3.1% in November, the lowest…

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