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Gold prices bounce back above key level as Fed signals slower rate hikes

Lower rates tend to lift the appeal for bullion in comparison with other interest-bearing assets. High interest rates have kept a leash on gold’s traditional status as a hedge against high inflation and other uncertainties this year as they translate into higher opportunity cost to hold the non-yielding asset. Read Full Story at source (may […] The post Gold prices bounce back above key level as Fed signals slower rate hikes appeared first on ForexTV... Read More

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Content Topics

Gold

Prices

Bounce

Back

Above

Level

Signals

Slower

Rate

Forex

Posted: Nov 24 2022, 06:29

Author Name: forextv

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