Gold Holds Ground Despite Reduced Fed Rate Cut Expectations
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Gold (XAU/USD) rebounded from lows near $2,330 on Thursday, demonstrating resilience despite diminished expectations for an imminent Federal Reserve (Fed) pivot toward rate cuts. Market Sentiment: Rate Cut Bets Fade, Safe-Haven Demand Persists Traders have scaled back expectations for a Fed rate cut in June following hotter-than-expected March Consumer Price Index (CPI) data. Persistent inflation […]