Gold prices moderated after last week’s push higher but a close eye will be on the ongoing Israel-Palestine war alongside US specific factors.
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US real yields is marginally higher thus weighing on the non-interest bearing asset as US Treasury yields tick higher.of rate cuts by year end 2024. This drastic change suggests a possible peak to the Fed’s hiking cycle and may continue to buoy gold prices should this narrative gain traction through weaker US economic data and less aggressive Fed talk.
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