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Middle East turmoil props gold for fifth straight weekly gain

Amidst the tumult in the Middle East, gold continues its ascent for the fifth consecutive week. The allure of the precious metal strengthens as geopolitical tensions heighten, driven by escalating hostilities between Iran and Israel. The value of gold surged on Friday, positioning itself for a fifth straight week of gains. Investor interest in this …

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Amber persisted beyond $2,170 per troy ounce on Thursday following a near 1% uptick in the prior session, albeit investors retained prudence anticipating additional US economic data that might furnish further insights into monetary policy prospects. US manufacturer inflation, retail transactions, and weekly unemployment filings are slated for Thursday. On Tuesday, statistics unveiled that the …

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EURUSD meanders horizontally, ensnared in the web of uncertain monetary policy outlook

During the midweek, EURUSD descended towards the pivotal 1.08000 threshold but adeptly clung above it. Subsequently, the pair recouped the majority of its setbacks following the revelation of a U.S. GDP report, slightly weaker than anticipated. Potential ramifications for traders EURUSD has lately displayed heightened volatility. Observers in the market attribute this surge in volatility …

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Gold, Gold trading, xausud signals

Gold prices recover as softer dollar lifts appealGold prices recover as softer dollar lifts appeal

the auriferous market experienced a resurgence, propelled skyward by the gentler demeanor of the American currency. This golden revival unfolded as the precious metal sought redemption, convalescing from a recent downturn triggered by fervent U.S. inflation figures, a development that tempered expectations of premature interest rate adjustments by the esteemed Federal Reserve. FUNDAMENTAL ELEMENTS

Gold prices trade sideways, CPI data awaited for more rate cues

Amidst the ebb and flow of financial markets, the valuation of gold has chosen a path of neutrality, treading within a confined trajectory. This stagnation is in response to the prevailing dominance of the dollar, as market participants adopt a cautious stance ahead of impending inflation data. This data is anticipated to significantly influence the …

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Gold prices trim losses; RBI allows resident entities to hedge gold price in IFC’s OTC segment

On February 8, the undulations in gold prices found a nuanced rhythm as RBI Governor Shaktikanta Das unveiled a pivotal announcement. Resident entities, henceforth, find solace in the ability to hedge the mercurial dance of gold prices within the over-the-counter segment in the IFSC. At precisely 1:40 pm, the dance floor of the market witnessed …

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Dollar Muted as Traders Parse Fed Commentary

the dollar found itself in a state of restraint, hovering near the 104 mark on Thursday. This followed a consecutive two-day decline, as astute investors delved into the most recent deliberations of Federal Reserve luminaries, aiming to unravel the enigma that is the interest rate trajectory. In the symphony of economic rhetoric, Boston Fed President …

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