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Gold prices retreated on Tuesday, hurt by a strengthening U.S. dollar, while investors geared up for the Federal Reserve’s interest rate stance from Chair Jerome Powell’s speech at the conclusion of the central bank‘s policy meeting on Wednesday. Spot gold fell 0.4% to $2,151.69 per ounce as of 10:15 a.m. EDT (1415 GMT), hovering near
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Gold prices were flat on Tuesday as investors stayed on the sidelines ahead of the U.S. Federal Reserve‘s policy meeting this week that could offer further clues on the timing of likely interest rate cuts this year. FUNDAMENTALS * Spot gold was little changed at $2,160.97 per ounce, as of 0126 GMT. U.S. gold futures
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Yen’s continued weakness persists in today’s subdued market, despite growing expectations for a BoJ rate hike in the upcoming Asian session—a move anticipated to conclude its longstanding negative rates policy. Although the anticipated adjustment from -0.10% to 0.00% may seem minor, its symbolic significance for the Japanese economy is profound, as it heralds a new
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