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Gold price fell into the red for the first time this week, heavily undermined by the market’s growing skepticism that the Fed will cut interest rates more than once in 2024. According to the CME FedWatch Tool, markets are pricing about 53% odds that the Fed will hold rates in September while the probability of a November rate cut stands at around 60%.

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Gold price fell into the red for the first time this week, heavily undermined by the market’s growing skepticism that the Fed will cut interest rates more than once in 2024. According to the CME FedWatch Tool, markets are pricing about 53% odds that the Fed will hold rates in September while the probability of a November rate cut stands at around 60%.

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The gold price edges higher on the day. The constructive stance of the precious metal remains unchanged as it holds above the key 100-day Exponential Moving Average (EMA) on the daily chart. However, the 14-day Relative Strength Index (RSI) stands in a bearish zone around 48.5, indicating that consolidation or further downside in gold prices cannot be ruled out.

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Gold prices dropped to around $2,370 per ounce on Thursday, extending its decline, after investors pulled back their expectations of rate cuts amid hawkish tones from the Federal Reserve. Minutes from the latest Fed meeting showed that policymakers generally felt that it would take longer than previously anticipated to gain greater confidence that inflation is...

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Gold prices slipped on Tuesday as U.S. Federal Reserve policymakers stuck to a cautious tone on monetary policy and investors locked in profits after bullion hit an all-time high in the previous session. Spot gold GOLD fell 0.3% at $2,417.95 per ounce, as of 0900 GMT, after scaling a record high of $2,449.89 on Monday. U.S. gold futures GOLD fell 0.7% at $2,421.70.

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OANDA:XAUUSD Gold traded higher early on Friday despite gains for the dollar and yields, as the precious metal continues to look to retest the US$2,400 mark it last touched a month ago and has failed to top since. Gold for June delivery was last seen up US$11.00 to US$2,396.50 per ounce. The precious metal has firmed below the U$2,400 mark since touching a...

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Gold prices rebounded on Tuesday, climbing nearly 0.8% and pushing past the $2,350 threshold after the previous day's steep decline. This upward movement was fueled by a weaker U.S. dollar and subdued Treasury yields in the wake of the release of the latest batch of U.S. producer price index (PPI) information, which ultimately failed to ignite significant...

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BITSTAMP:BTCUSD Bitcoin has been sliding down since it reached its all-time high in March. This has largely led to a buy-the-dip sentiment among crypto traders, with many believing the correction would end as soon as it ended and Bitcoin would surge again to new all-time highs. According to crypto analytics platform Santiment, the thrill of scooping up...

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OANDA:XAUUSD prices climbed on Friday, en route to their best week in five, with zero-yield bullion building on momentum fuelled by weaker U.S. jobs data this week that reinforced expectations for interest rate cut by the Federal Reserve. Spot gold OANDA:XAUUSD rose 1% to $2,369.49 per ounce by 2:02 p.m. ET (1802 GMT). U.S. gold futures OANDA:XAUUSD ...

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OANDA:XAUUSD prices climbed on Friday, en route to their best week in five, with zero-yield bullion building on momentum fuelled by weaker U.S. jobs data this week that reinforced expectations for interest rate cut by the Federal Reserve. Spot gold OANDA:XAUUSD rose 1% to $2,369.49 per ounce by 2:02 p.m. ET (1802 GMT). U.S. gold futures OANDA:XAUUSD ...

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Gold stays on the back foot below $2,300 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.6% after weak US data but the improving risk mood doesn't allow XAU/USD to gain traction.

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Gold gained traction and recovered above $2,300 in the American session on Wednesday. The benchmark 10-year US Treasury bond yield turned negative on the day after US data, helping XAU/USD push higher ahead of Fed policy announcements.

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Gold stays in positive territory at around $2,350 after closing in positive territory on Thursday. The benchmark 10-year US Treasury bond yield edges lower ahead of US PCE Price Index data, allowing XAU/USD to stretch higher.

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GBP/USD is extending losses toward 1.2500 in European trading on Tuesday. A cautious risk tone and a decent US Dollar comeback weigh negatively on the pair. The focus now shifts to mid-tier US data amid a data-light UK docket.

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Gold price (XAU/USD) remains depressed heading into the European session on Tuesday and is currently placed near the lower end of its daily range, just above the $2,320 level.

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Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.

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USD/JPY keeps breaking into its highest chart territory since June of 1990 early Thursday, recapturing 155.50 for the first time in 34 years as the Japanese Yen remains vulnerable, despite looming intervention risks. The focus shifts to Thursday's US GDP report and the BoJ decision on Friday.

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Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?