Gold prices rebound slightly after weekly losses, traders cautious ahead of U.S. inflation reading
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#0bb54c1b ver:0.93
Gold prices rebound slightly in Asian trade, recouping losses from last week, as traders remain cautious ahead of U.S. inflation reading. Copper prices also rise, recovering from last week's losses. Outlook for gold remains uncertain due to potential higher U.S. interest rates. Major central banks in Asia and emerging markets increasing gold holdings. CPM Trade Signal recommends selling gold with initial target price of $2,300. CPM projects further price increases for second half of 2024 and into 2025. #Gold #Copper #Inflation #InterestRates #Economy...
#newstr #GoldPrices #Inflation #MetalMarkets #CopperPrices #PcePriceIndex #FederalReserve #RateCuts #PreciousMetals #CopperFutures #China #StimulusMeasures
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