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Gold price retreats from daily highs as US NFP dampens demand
Gold erased its earlier gains on Friday after the US Bureau of Labor Statistics (BLS) revealed that Nonfarm Payrolls for April missed estimates, depicting a cooling jobs...
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Turkey, China, and India lead another solid month in central bank Gold buying
The People's Bank of China has increased its gold hoard for 17 straight months. China officially holds 2,262 tons of gold. The Chinese have added over 300 tons of gold to their reserve since they resumed reporting gold purchases in October 2022...
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US Payrolls open the door to a September rate cut
🔍 There has been a huge movement in US interest rate expectations. There is now a 50% chance of a rate hike in September, up from 31% in April. Earlier this week there was only 1 rate cut priced in from the Fed for 2024, as we end the week, there are now nearly two cuts priced in.
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