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On Thursday, the price of gold dropped to its lowest level in a week. This decline followed the Federal Reserve's commitment to raising interest rates until annual inflation reaches its 2% target. Market experts believe this could lead to further decreases in the value of gold. The most actively traded gold futures contract on the New York Comex exchange, set for...

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Gold prices have risen modestly in the wake of several central bank meetings this week, marking the fourth consecutive session of gains for the precious metal. This comes after a period of relatively stagnant prices during the summer. Investors are closely monitoring the gold market in anticipation of interest rate decisions from major central banks like the...

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Gold prices increased on Monday as the market anticipated that the Federal Reserve would maintain interest rates this week. Simultaneously, concerns about a potential U.S. government shutdown led to increased demand for safe-haven assets. Despite strong inflation and economic data in recent sessions, the market remained unconvinced that a U.S. interest rate hike...

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The cryptocurrency market had a quiet week, with major coins like Bitcoin and Ethereum staying relatively stable. However, Stellar's XLM stood out as it dropped 11% after a fancy commercial featuring Idris Elba, despite a prior 10% price increase. Bitcoin exchange Swan faced a hack, prompting a call for users to withdraw funds. Some speculated it was linked to...

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Gold had a decent week, thanks to the US dollar's first weekly drop in two months. Gold held its ground above $1,900, managing a small weekly gain. The main futures contract for gold, called December, ended at $1,946.20 per ounce, up $13.30 for the day, or 0.7%. For the week, it inched up by $3.50, or 0.2%. The spot price of gold, which hit a high of $1,930.90...

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Despite Bitcoin's recent price struggles, more people are using Bitcoin wallets. A report from data aggregator Santiment shows that the number of active Bitcoin addresses has increased significantly, reaching a five-month high. This means that even though Bitcoin's price is not doing great, more people are using it. The increase in wallet activity could be...

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Trading Strategy for September 14, 2023 Today, the global gold market saw some ups and downs. Spot gold prices dropped to $1,908.2 per ounce, and futures settled at $1,932.5 per ounce. This was influenced by recent U.S. inflation data. Specifically, the U.S. Consumer Price Index (CPI) for August showed a 3.7% increase compared to the previous year, and the core...

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European stocks had a mixed day with some declines: Reason for Decline: The German software company SAP had a tough day due to a weak forecast from a U.S. tech company called Oracle. Investors also got a bit nervous ahead of key U.S. inflation data and an interest rate decision by the European Central Bank. Market Movements: Overall, European stocks, represented...