03.01.2024 – Gold price drops further as bets in favour of early rate cuts by the Fed drop slightly
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Gold price (XAU/USD) turned negative on Wednesday amid caution ahead of the Federal Open Market Committee (FOMC) minutes and crucial data from the United States, namely the Institute for Supply Management (ISM) Manufacturing PMI for December and JOLTS Job Openings data for November. The commentary from Richmond Federal Reserve (Fed) Bank President Thomas Barkin has […]