Gold Prices Consolidate After Two Significant Drops, Fundamentals Remain Strong Ahead of FOMC Meeting
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#0f42923f ver:0.47
Gold prices consolidate after recent drops, but fundamentals remain strong ahead of FOMC meeting. Rising bets for a Fed rate cut, geopolitical tensions, and low bond yields support gold. Technical analysis shows potential for bullish momentum above $2,364 and deeper losses below $2,060. Gold is an attractive safe-haven asset in turbulent times, with an inverse correlation to the US Dollar and Treasuries. #Gold #FOMC #SafeHaven...
#newstr #GoldPrices #FomcMeeting #Fundamentals #UsCentralBank #People'sBankOfChina
https://here.news/story/0f42923f?ver=0.47
Gold Prices Retreat Ahead of Key Economic Event /
npub1r2…cfs0h
2024-06-07 20:00:28
Author Public Key
npub1r2y0zxhcdygeswwaxdakyh3zspapapl7zlav4t5cwszae7dmqylq0cfs0hPublished at
2024-06-07 20:00:28Event JSON
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"content": "Gold Prices Consolidate After Two Significant Drops, Fundamentals Remain Strong Ahead of FOMC Meeting\n===============\t\n#0f42923f ver:0.47\n\nGold prices consolidate after recent drops, but fundamentals remain strong ahead of FOMC meeting. Rising bets for a Fed rate cut, geopolitical tensions, and low bond yields support gold. Technical analysis shows potential for bullish momentum above $2,364 and deeper losses below $2,060. Gold is an attractive safe-haven asset in turbulent times, with an inverse correlation to the US Dollar and Treasuries. #Gold #FOMC #SafeHaven...\n\n#newstr #GoldPrices #FomcMeeting #Fundamentals #UsCentralBank #People'sBankOfChina \n\n https://here.news/story/0f42923f?ver=0.47",
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