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Jul 4, 2024
Gold closes above 50-day SMA after weak US data
Gold (XAU/USD) is rising on Thursday to trade in the $2,350s after a string of weak data releases from the US and a change in tone from the Chairman of the Federal Reserve (Fed) Jerome Powell, increased bets the Fed would cut interest rates earlier than previously expected.
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Jul 4, 2024
ECB Accounts: Doubts were raised about whether recovery would take place as expected
The accounts of the European Central Bank's (ECB) June policy meeting showed on Thursday that some members felt that the data available since the last meeting had not increased their confidence that inflation would converge to the 2%, per Reuters.
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