Gold hovers near one-month low ahead of US data, Fed speakers
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Gold prices are near a one-month low at US$2,622.89 per ounce as of Nov 12, 2024; US dollar is near a four-month high, impacting gold's attractiveness; Market awaits US economic data including October Consumer Price Index on Nov 13, Producer Price Index and jobless claims on Nov 14, and retail sales on Nov 15; Fed officials, including chair Jerome Powell, are scheduled to speak this week; Trump's election victory has raised inflation concerns, affecting gold prices; Fed lowered benchmark rate by 25 bps on Nov 7, with a 66% chance of another cut in December.
#Gold #UsEconomy #FederalReserve #InterestRates #Inflation #MarketAnalysis #PreciousMetals #EconomicData #DonaldTrump #Investors
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