Gold Price Oscillates Around $1,960 Amid Divided Response to Fed’s June Policy
Gold price (XAU/USD) is experiencing a period of consolidation, hovering around the $1,960 mark in the early London session. The precious metal's movement has been characterized by back-and-forth action as the investment community remains divided on the Federal Reserve's (Fed)…
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Australian Dollar Soars as RBA Surprises with Interest Rate Hike
The Australian dollar experienced a significant surge in value after the Reserve Bank of Australia (RBA) took markets by surprise and decided to increase interest rates by 25 basis points. This unexpected move by the central bank left investors and…
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AUD Rate Outlook Uncertain as Inflation Rises
With economists and money markets at odds, the direction of AUD rate outlook remains uncertain. Lingering price pressures and a rebound in home prices have created a challenging landscape, making the decision on whether to hike or pause rates a…
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Gold Price Forecast: Bears Pounce, Shattering Dreams of Fresh Record
Gold prices (XAU/USD) have experienced a significant downward correction, dashing hopes of reaching fresh record highs. The precious metal attempted to recover but failed, as bond yields resumed their rebound, impacting its bullish momentum. The recent surge in U.S. economic…
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US Debt Ceiling Resolution Shifts Focus to Fed’s Rate Outlook
As the US debt default crisis has been averted, market attention now turns back to the US Federal Reserve's rate outlook. Following a stronger-than-expected reading of the US May non-farm payroll, interest rate expectations are gaining conviction for another 25…
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