Gold Gains Momentum Above $4,400 as Weak US Data Dims Fed Rate Hike Odds
Spot gold traded near $4,421 in early Asian trading on Tuesday, extending gains. Earlier reports indicated the metal was building momentum above $4,400, as soft US economic data…
Spot gold traded near $4,421 in early Asian trading on Tuesday, extending gains. Earlier reports indicated the metal was building momentum above $4,400, as soft US economic data tempered market expectations for further Federal Reserve rate hikes. Traders are also monitoring developments related to the Middle East conflict.
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