Norma
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Gold price consolidates in a range around $2,170 level, bullish potential seems intact
Gold price struggles to gain any meaningful traction, though the downside seems cushioned. The Fed projected three rate cuts in 2024, which undermines the USD and continues to lend support. Tuesday’s US macro data to provide some impetus ahead of the US PCE Price Index on Friday. Gold price (XAU/USD
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The Franc should remain under downward pressure against the Euro – Commerzbank
The Swiss National Bank (SNB) delivered a 25 basis points rate cut to 1.50%, which triggered a sharp sell-off in CHF. Economists at Commerzbank analyze Franc’s outlook. The SNB kicks off The SNB surprised the majority of market participants by being the first of the G10 central banks to cut its key
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Gold price trades with modest losses amid stronger USD; downside seems limited
Gold price edges lower on Friday amid some follow-through US Dollar buying interest. The Fed’s projected three rate cuts in 2024 will likely cap the USD and limit losses for the metal. Traders look forward to Fed Chair Jerome Powell’s speech for short-term opportunities. Gold price (XAU/USD) struggl
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Pull-up Update