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Gold price

Gold prices are subdued as Tuesday's European session begins, hovering close to the lower boundary of its daily range, slightly above $2,320. Investors are increasingly convinced that the Federal Reserve will postpone interest rate cuts due to persistent inflation, a sentiment reinforced by Friday's release of the US Personal Consumption Expenditures (PCE) Price Index.

Expectations of a hawkish stance from the Fed are boosting demand for the US Dollar, consequently diverting investment away from gold, which doesn't yield interest. 


Dr. Kamaran Qader Yaqub,
Financial consultant at Investment Spot company.

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