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Gold jumped after US inflation report which added to strong expectations for Fed rate cut next week, as inflation rose slightly less than expected in September. However, September’s CPI numbers were insufficient to spark stronger rally, as economists expect full impact of import tariffs to show in coming months and stronger inflate prices. Metal’s price […]

The post XAU/USD: Holds Above $4100 Following Limited Reaction on US CPI appeared first on Action Forex.

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09/12/2024

Gold Moves at a Steady Boring Clip

Gold extends narrow horizontal move above $2,630 Buying sentiment could stay muted below $2,680 Gold remained indecisive within its ten-day tight range on Monday, unable to close above $2,650 despite Friday’s upbeat US jobs data and the recent geopolitical turmoil in the Middle East and South Korea. Technically, the safe-haven metal survived another drop below […]
24/01/2024

Bitcoin – Extends Losses to More Than 20% After Spot ETF Approvals

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03/01/2024

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