[Tree] Gold prices, US Nonfarm Payrolls report, China's gold buying spree, gold and silver selloff
Version 1.31 (2024-06-11 01:53:13.099000)
updates: Incorporated analysis of the gold and silver selloff and its attributed causes
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Version 1.3 (2024-06-10 06:53:30.499000)
updates: Gold prices drop due to strong US Nonfarm Payrolls report
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Version 1.29 (2024-06-10 00:54:00.744000)
updates: The US Nonfarm Payroll report beat expectations, China paused gold buying
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Version 1.28 (2024-06-08 07:52:55.225000)
updates: Includes information on gold price rise due to rate cut expectations and China's pause in gold buying
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Version 1.27 (2024-06-07 22:56:44.089000)
updates: Gold prices plunge to four-week low on strong US NFP report
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Version 1.26 (2024-06-07 05:55:24.978000)
updates: Gold prices rise in Asian trade, weekly gains expected
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Version 1.25 (2024-06-06 13:56:38.145000)
updates: Updated information on gold prices and bond yields
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Version 1.23 (2024-06-06 04:53:44.128000)
updates: Gold prices rise ahead of US Non Farm Payrolls Data
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Version 1.22 (2024-06-05 11:55:45.983000)
updates: Gold prices pull back to support at $2,315. US Dollar rebounds, influencing gold prices. Gold prices still up since the start of 2024. JOLTS data shows a decrease in US job openings. Gold prices may head sideways ahead of US jobs report. European Central Bank expected to cut interest rates. Bank of Canada and People's Bank of China easing policy conditions. ADP employment report and nonfarm payrolls data to impact gold prices. Next support level for gold at $2,300 per ounce.
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Version 1.21 (2024-06-05 08:54:15.051000)
updates: Gold prices are trading sideways near $2,330 as traders and investors await the release of the nonfarm payrolls report, which will provide insight into the health of the US economy and influence the Federal Reserve's next steps.
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Version 1.2 (2024-06-05 06:55:59.965000)
updates: Gold price dipped to $2,316-$2,315 range but recovered to $2,337. Anticipated Fed rate cuts and low Treasury yields support gold's bullish outlook. Recent US economic reports indicate a cooling economy, reinforcing expectations for a Fed rate cut in September. Gold prices likely to remain bullish above $2,336. Financial community closely watching upcoming Federal Reserve meeting and Nonfarm Payrolls release.
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Version 1.19 (2024-06-05 01:52:38.131000)
updates: Gold price struggles to attract buyers despite firming Fed rate cut bets
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Version 1.18 (2024-06-04 22:53:15.511000)
updates: Gold prices retreat amid risk-off sentiment and falling US bond yields
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Version 1.17 (2024-06-04 02:54:00.905000)
updates: Updates on gold price struggle, USD weakness, and upcoming central bank events
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Version 1.16 (2024-06-03 16:53:10.845000)
updates: Gold prices jump as US ISM manufacturing falls
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Version 1.15 (2024-05-30 01:55:49.961000)
updates: Updates on US flash PMI, US shares, dollar, oil, and inflation
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Version 1.14 (2024-05-27 01:53:39.353000)
updates: Integration of global PMIs and US shares performance
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Version 1.13 (2024-05-23 23:55:24.016000)
updates: Integration of new information about the decline in gold prices and Wall Street after strong PMI data, and the impact on market sentiment and rate-cut expectations
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Version 1.11 (2024-05-22 08:53:25.815000)
updates: Updates on US inflation, Fed signals, and gold prices
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Version 1.1 (2024-05-21 07:56:10.355000)
updates: Provides information on the strength of the dollar and its impact on gold prices
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Version 1.09 (2024-05-21 02:53:36.925000)
updates: Gold is hovering near a record high as growing rate-cut bets boost expectations for a September rate cut by the U.S. Federal Reserve. Data showed that U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend, further supporting expectations for a rate cut. Fed officials are cautious about inflation and are not ready to say it is heading to the central bank's 2% target. Spot silver rose 1.3% to $32.25 per ounce, platinum was down 0.1% at $1,045.80, and palladium lost 0.4% to $1,023.25.
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Version 1.08 (2024-05-20 18:59:21.500000)
updates: Gold prices near all-time high, increased rate cut speculation
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Version 1.07 (2024-05-20 17:56:45.020000)
updates: Gold prices trim gains after reaching record high
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Version 1.06 (2024-05-20 09:58:01.814000)
updates: Updated information on gold prices and factors driving them
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Version 1.05 (2024-05-20 08:53:52.833000)
updates: Gold prices reach new all-time high on US rate-cut optimism and Iranian helicopter crash
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Version 1.04 (2024-05-20 08:01:30.449000)
updates: Integration of information about Iranian helicopter crash
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Version 1.03 (2024-05-20 06:56:37.550000)
updates: Updated information on gold prices reaching a new all-time high and the factors driving the surge
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Version 1.02 (2024-05-20 05:56:15.533000)
updates: Updated information on gold prices reaching a new all-time high and the factors driving the surge
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Version 1.01 (2024-05-20 03:54:43.480000)
updates: Gold prices climb to record high on US rate-cut optimism
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Version 1.0 (2024-05-20 01:56:22.718000)
updates: Gold prices reach new all-time high, inflation data supports gold, silver prices rise
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Version 0.99 (2024-05-19 08:52:58.458000)
updates: Gold prices reach record high, central banks increase gold purchases
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Version 0.98 (2024-05-17 19:53:26.309000)
updates: Gold prices surge, hopes of Fed rate cuts rise
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Version 0.97 (2024-05-13 02:57:26.142000)
updates: Gold prices hold steady above $2,300 despite brief dip
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Version 0.96 (2024-05-12 23:52:57.135000)
updates: Gold traders and analysts believe conditions are ripe for a run-up in prices of the precious metal.
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Version 0.95 (2024-05-12 13:54:52.151000)
updates: Gold prices surge on supportive US jobs data, investors await economic indicators
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Version 0.94 (2024-05-11 00:56:03.997000)
updates: Gold prices set for best week in five on weaker US jobs data
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Version 0.92 (2024-05-10 06:53:28.582000)
updates: Includes recent economic data and geopolitical tensions
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Version 0.91 (2024-05-10 06:52:31.625000)
updates: Updated information on gold prices and rate-cut expectations
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Version 0.89 (2024-05-10 02:54:50.370000)
updates: Gold prices set for weekly gain on US rate-cut hopes
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Version 0.88 (2024-05-09 19:53:19.075000)
updates: Gold prices remain steady, traders cautious about rate cut expectations
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Version 0.87 (2024-05-09 18:54:39.064000)
updates: Gold prices hold steady despite high jobless claims
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Version 0.86 (2024-05-09 12:52:46.826000)
updates: Gold prices hold steady despite high jobless claims
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Version 0.86 (2024-05-09 12:52:46.826000)
updates: Gold prices hold steady despite high jobless claims
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Version 0.86 (2024-05-09 12:52:46.826000)
updates: Gold prices hold steady despite high jobless claims
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Version 0.85 (2024-05-09 11:52:07.908000)
updates: Gold prices steadied on Thursday in muted trading due to a holiday in many European countries. Investors are awaiting U.S. data that could offer clues on potential interest rate cuts by the U.S. Federal Reserve. The next catalyst for gold in the short term is likely to be the consumer price index (CPI) figures from the U.S. next week. Fed Bank of Boston President Susan Collins expressed confidence that the current setting of monetary policy will slow the economy in the way necessary to get inflation back to the Fed's 2% target. On the geopolitical front, Israel has observed no indication of progress in talks mediated by Egypt for a ceasefire with Hamas. A move below $2,300 could see gold test $2,230, while a reliable support at $2,300 may lead to a retest of $2,390.
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Version 0.84 (2024-05-09 09:55:52.412000)
updates: Gold prices fluctuate as investors await US economic data and Federal Reserve speculation
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Version 0.83 (2024-05-09 08:51:58.810000)
updates: Gold prices remain steady as investors await US economic data
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Version 0.82 (2024-05-09 05:53:19.480000)
updates: Gold prices hold steady, traders pricing in rate cut
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Version 0.81 (2024-05-09 03:51:50.204000)
updates: Gold prices remain steady as investors await US economic data
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Version 0.8 (2024-05-09 02:52:08.990000)
updates: Gold prices remain flat as investors await US economic data
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Version 0.79 (2024-05-09 00:52:47.278000)
updates: Gold prices flat as investors await US economic data
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Version 0.78 (2024-05-08 23:53:32.083000)
updates: Includes analysis of factors driving demand for gold from central banks and Asian buyers
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Version 0.77 (2024-05-07 17:52:50.616000)
updates: Discussion of the Fed's argument to push gold prices lower
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Version 0.76 (2024-05-07 02:52:51.776000)
updates: Gold prices rise on US rate cut bets and slower job growth
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Version 0.75 (2024-05-07 01:53:35.274000)
updates: Gold prices advanced as investors weigh mixed signals on US economy
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Version 0.74 (2024-05-06 15:52:12.400000)
updates: Gold price advances as investors weigh mixed signals on US economy
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Version 0.73 (2024-05-06 04:53:18.998000)
updates: Gold prices react to mixed US economic signals as investors mull over Federal Reserve's fight against inflation
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Version 0.72 (2024-05-06 00:55:55.414000)
updates: Gold prices decline further, Fedspeak eyed
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Version 0.71 (2024-05-04 20:54:37.593000)
updates: Gold prices fell by 1.5% in the global stock market within one week
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Version 0.7 (2024-05-04 01:51:26.240000)
updates: Updated information on US labor market and Federal Reserve's monetary policy
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Version 0.69 (2024-05-03 20:54:07.385000)
updates: Gold futures holding steady above $2,300, investors eyeing September rate cut
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Version 0.68 (2024-05-03 14:52:34.087000)
updates: Gold prices fell due to mixed signals from the US economy
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Version 0.67 (2024-05-03 12:53:42.146000)
updates: Gold prices react to disappointing US job creation in April
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Version 0.66 (2024-05-03 07:53:34.989000)
updates: Gold prices decline due to strong US labor market
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Version 0.65 (2024-05-02 06:56:09.324000)
updates: Federal Reserve keeps rates unchanged, gold prices hold steady
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Version 0.64 (2024-05-01 17:51:41.049000)
updates: Gold prices rally above $2,300 amid mixed US economic data
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Version 0.63 (2024-05-01 11:56:29.194000)
updates: Gold prices decline to near one-month low ahead of Federal Reserve update
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Version 0.61 (2024-04-30 19:54:27.503000)
updates: Includes information about US economic data, employment costs, US dollar strength, and upcoming economic events
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Version 0.6 (2024-04-29 08:56:40.539000)
updates: Gold prices fell as expectations of an early interest rate cut in the U.S. diminished
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Version 0.59 (2024-04-29 02:55:03.222000)
updates: Gold prices ease due to steady dollar, China's gold consumption increases
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Version 0.58 (2024-04-26 11:53:12.837000)
updates: Gold prices rise as crude oil and major Asia indexes trade higher
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Version 0.56 (2024-04-26 06:55:24.017000)
updates: The story now includes information about the upcoming PCE data and the expectations for Fed rate decisions. It also mentions the lack of escalation in Middle Eastern conflicts and the adjusted expectations for Fed rate policies based on the higher GDP price index. The story now provides support and resistance levels for gold and mentions technical indicators suggesting a bullish scenario.
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Version 0.55 (2024-04-26 05:54:31.880000)
updates: Gold prices rose in Asian trade on Friday as signs of a cooling U.S. economy fed some demand for the yellow metal.
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Version 0.54 (2024-04-26 01:52:23.214000)
updates: Gold prices rebound after weekly loss due to US inflation concerns
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Version 0.53 (2024-04-25 18:56:23.674000)
updates: Gold prices rise on weak US economic growth, high US inflation data
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Version 0.52 (2024-04-25 10:54:00.682000)
updates: Gold prices rise on weaker dollar, investor focus shifts to US economic data
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Version 0.51 (2024-04-25 08:53:12.591000)
updates: Gold prices fall due to waning safe haven demand and the prospect of higher US interest rates. Copper prices drop from two-year highs.
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Version 0.5 (2024-04-25 07:56:59.034000)
updates: Added information about gold price edging higher amid USD downtick and softer risk tone, focus on US GDP data
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Version 0.49 (2024-04-25 01:51:56.331000)
updates: Gold prices trade in tight range, investors await US economic data
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Version 0.48 (2024-04-24 11:55:42.729000)
updates: Gold prices fall due to declining safe-haven demand
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Version 0.47 (2024-04-24 11:55:01.948000)
updates: Updated information on gold prices, Middle East tensions, and US economic data
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Version 0.46 (2024-04-24 03:19:16.457000)
updates: Gold prices have edged down as fears of an escalation in the Middle East conflict eased.
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Version 0.45 (2024-04-23 15:22:23.794000)
updates: Gold prices drop as Middle East tensions ease
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Version 0.44 (2024-04-23 12:24:08.576000)
updates: Gold and silver prices drop, Bulls under pressure
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Version 0.43 (2024-04-23 12:21:17.677000)
updates: Gold's surge halted, risk appetite returns, US economic data in focus
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Version 0.41 (2024-04-22 12:18:41.734000)
updates: Gold prices retreat as tensions ease in the Middle East
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Version 0.4 (2024-04-21 13:23:23.076000)
updates: Incorporated information about gold reaching a 5-day high and the impact of geopolitical tensions and economic indicators on gold prices
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Version 0.39 (2024-04-20 14:19:26.968000)
updates: Gold prices surged above $2,400 amid Iran-Israel tensions
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Version 0.38 (2024-04-20 04:19:04.511000)
updates: Incorporated information about gold prices closing higher last Friday and the factors influencing gold's market behavior
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Version 0.37 (2024-04-19 06:23:18.179000)
updates: Gold prices continue to rise, marking fifth consecutive weekly gain
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Version 0.36 (2024-04-19 05:21:25.073000)
updates: Gold prices rise as Israeli attack on Iran raises concerns of wider conflict
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Version 0.35 (2024-04-17 11:18:45.454000)
updates: Gold prices rise due to Middle East tensions and strong US economic indicators
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Version 0.34 (2024-04-16 16:21:02.791000)
updates: Geopolitical tensions, Fed stance, Chinese GDP data
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Version 0.33 (2024-04-15 12:23:26.839000)
updates: Gold prices surge due to geopolitical tensions and central banks' gold buying
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Version 0.32 (2024-04-14 18:18:50.416000)
updates: Integration of information about stable gold and silver prices amidst Middle East unrest and the impact on the cryptocurrency market
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Version 0.31 (2024-03-16 07:17:44.152000)
updates: Inclusion of Commerzbank's anticipation of gold price increase and factors affecting gold prices
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Version 0.3 (2024-02-23 04:18:26.114000)
updates: Gold price attracts dip-buying, remains near two-week high
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Version 0.29 (2024-02-08 07:11:40.631000)
updates: Gold prices fell within a holding pattern as traders await more rate cues
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Version 0.28 (2024-02-08 06:20:05.500000)
updates: Gold prices fell within a holding pattern as traders await more rate cues
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Version 0.27 (2024-02-07 11:14:30.703000)
updates: Gold prices remain rangebound as traders await Fed rate-cut cues
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Version 0.26 (2024-02-07 06:12:53.979000)
updates: Gold prices fell in Asian trade on Monday. Spot gold closed at US$2,027.09 per ounce, down 0.6% for the day. Gold prices struggled for a clear direction on Wednesday. Spot gold held its ground at $2,035.12 per ounce, as of 0131 GMT, after rising more than 0.5% in the previous session. U.S. gold futures were also flat at $2,051.20 per ounce. Fed officials said on Tuesday that if the U.S. economy performs as expected, it could open the door to rate cuts. They are now expecting four quarter-point cuts in 2024, according to LSEG's interest rate probability app IRPR.
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Version 0.25 (2024-02-07 04:14:39.033000)
updates: Gold prices fell in Asian trade on Monday. Spot gold closed at US$2,027.09 per ounce, down 0.6% for the day. Gold prices struggled for a clear direction on Wednesday. Spot gold held its ground at $2,035.12 per ounce, as of 0131 GMT, after rising more than 0.5% in the previous session. U.S. gold futures were also flat at $2,051.20 per ounce. Fed officials said on Tuesday that if the U.S. economy performs as expected, it could open the door to rate cuts. They are now expecting four quarter-point cuts in 2024, according to LSEG's interest rate probability app IRPR.
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Version 0.24 (2024-02-07 02:16:56.374000)
updates: Gold prices struggle for direction as traders await remarks from Fed officials
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Version 0.23 (2024-02-06 11:19:11.171000)
updates: Gold prices experienced continued pressure as U.S. bond yields and dollar rose
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Version 0.22 (2024-02-06 10:12:42.412000)
updates: Gold prices decline further as solid US data propels the dollar higher
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Version 0.21 (2024-02-05 07:11:49.044000)
updates: Gold prices fall as dollar strengthens on reduced rate cut expectations
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Version 0.2 (2024-02-05 04:17:44.812000)
updates: Gold prices fluctuate as traders reassess rate cut expectations
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Version 0.19 (2024-02-01 06:26:15.303000)
updates: Gold prices rise despite Fed's stance on rate cuts
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Version 0.18 (2024-01-31 13:26:35.522000)
updates: Mild price gains for gold ahead of FOMC decision
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Version 0.17 (2024-01-30 09:28:37.124000)
updates: Gold prices remain range-bound ahead of US central bank decision
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Version 0.16 (2024-01-30 05:30:21.951000)
updates: Gold prices consolidate ahead of US central bank decision
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Version 0.15 (2024-01-27 03:54:13.060000)
updates: Gold prices remain range-bound ahead of US Fed meeting amid Middle East crisis
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Version 0.14 (2024-01-27 00:55:34.251000)
updates: Gold prices await Federal Reserve's decision on rate cuts
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Version 0.13 (2024-01-26 23:56:25.283000)
updates: Market analysts and retail investors await Fed’s direction on gold prices
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Version 0.12 (2024-01-25 04:57:34.417000)
updates: Gold prices rise due to escalating geopolitical tensions in the Middle East
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Version 0.11 (2024-01-24 13:59:08.755000)
updates: Gold prices have been consolidating after spiking to a record high in December. Geopolitical risks and Fed rate cuts are key factors that could rekindle a rally in gold.
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Version 0.1 (2024-01-23 04:56:08.149000)
updates: Gold prices rebounded from five-week lows near $2,000 to around $2,040. The probability of a Federal Reserve interest rate cut in March dropped from over 80% to just over 50%. Geopolitical factors, such as the Israel-Hamas conflict and the Red Sea crisis, could support demand for gold. The US Dollar Index witnessed a recovery from its lowest level since July, climbing from 100.85 to 101.20. Traders are now turning their attention to the upcoming Chicago Purchasing Managers' Index for December. Gold prices rise in the domestic futures market influenced by positive global cues, weak equity market, and geopolitical news. Institutional investors are entering the commodity markets due to the weakening of the US dollar. The rebound in gold prices was fueled by profit-booking in US treasury yield and strong US economic data fueling speculations about the US Fed rate cut. The rebound was also supported by escalating geopolitical tensions in the Middle East. The trajectory of gold prices will depend on impactful events such as the release of the US PCE price index, US Q4 GDP advance estimates, and decisions on interest rates by the Bank of Japan and the European Central Bank.
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Version 0.09 (2024-01-22 10:56:56.026000)
updates: Gold prices rebounded from five-week lows near $2,000 to around $2,040. The decline in gold prices was driven by a strong demand for the US dollar and rising US yields. The probability of a Federal Reserve interest rate cut in March dropped from over 80% to just over 50% during the week. Geopolitical factors, such as the Israel-Hamas conflict and the Red Sea crisis, could support demand for gold. Gold prices surged to $2,036.71 amid escalating geopolitical tensions in the Red Sea. The US Dollar Index witnessed a recovery from its lowest level since July, climbing from 100.85 to 101.20. Gold prices rise in the domestic futures market influenced by positive global cues, weak equity market, and geopolitical news. The rebound was fueled by profit-booking in US treasury yield and strong US economic data fueling speculations about the US Fed rate cut.
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Version 0.08 (2024-01-22 08:42:22.084000)
updates: Gold prices rebound from five-week lows, probability of Fed rate cut drops
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Version 0.07 (2024-01-22 03:49:39.180000)
updates: Gold prices rebound from five-week lows, probability of Fed rate cut drops
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Version 0.06 (2024-01-12 09:25:32.514000)
updates: Gold prices surged to $2,036.71 amid escalating geopolitical tensions in the Red Sea
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Version 0.05 (2024-01-09 12:32:36.169000)
updates: Gold XAU/USD attempted to rebound but gains did not exceed $2046/oz. Gold selling resumed with losses reaching $2016/oz before stabilizing around $2028/oz. The gold market is uncertain due to economic uncertainties, inflation, and interest rates. Market volatility could increase around the presidential elections. The US government's credit rating was downgraded twice in 2023. Demand for metals continues to grow while mining production reaches its peak. Gold price remains on an upward trajectory on the daily timeframe chart. Support levels are at $2000 and $1985, while resistance levels are at $2055 and $2070 per ounce. Global geopolitical tensions and central bank gold purchases support higher prices.
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Version 0.04 (2024-01-05 22:18:05.557000)
updates: Retail investors divided on gold’s trajectory, analysts more bullish than ever
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Version 0.03 (2024-01-04 17:22:11.438000)
updates: Gold prices finding support at $2,050 and consolidating
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Version 0.02 (2024-01-03 05:29:57.643000)
updates: Integration of information on geopolitical tensions and rate cut hopes
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Version 0.01 (2023-12-29 07:02:31.588000)
updates: Gold prices stabilize around $2,065 due to a rebound in the US Dollar and a rise in US Treasury bond yields. Market anticipates a potential rate cut by the Federal Reserve in March 2024.
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