Tag: nonfarm payroll jobs
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Gold Dips Below $2,000 Amid Fed’s Hawkish Signals
The anticipation of aggressive measures from the Federal Reserve to combat inflation sent shockwaves through the market, causing gold prices to plummet below the psychologically significant $2,000 threshold. Investors found themselves navigating a landscape rife with caution, triggered by the hawkish stance outlined in the minutes from the latest Federal Open Market Committee (FOMC) meeting.…
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Gold’s Stagnation Amid Weakening US Data.
In the ever-evolving realm of global finance, Gold has taken center stage, grappling with the formidable challenge of breaching the $2000/oz barrier. Surprisingly, the weakening US Dollar, which typically bolsters Gold, has not catalyzed the much-anticipated surge. The intricacies of Gold’s recent performance, its intricate relationship with US economic data, and the potential trajectory for…
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Silver Slips as Markets Await US Payrolls Report.
As the market eagerly awaits the US October non-farm payrolls report, silver prices are exhibiting a sense of caution, with traders reducing their exposure. In the spot market, silver has experienced a 0.59% decline, while December futures have dipped by 0.53%, signaling a prevailing mood of restraint among market participants. Key Highlights: Short Summary: Silver…
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Gold Prices Remain Stable with Potential for Further Increases.
Gold prices in Asian markets are currently stable, with the recent Israeli ground offensive in Gaza temporarily reducing demand for the precious metal. Although gold briefly exceeded $2,000 per ounce last week, it hasn’t maintained that level. Nevertheless, there’s a consensus that gold is consolidating, positioning itself for potential future gains. Expectations for sustained inflationary…