Gold edges higher as focus turns to Fed Powell’s testimony
Gold prices experienced a slight uptick, reflecting cautious optimism among investors as they await critical economic updates. Spot gold rose by 0.2%, reaching $2,364.03 per ounce.
This increase comes after a more than 1% decline, highlighting the market’s sensitivity to upcoming Federal Reserve actions.
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Disclaimer:
The market is navigating a period of heightened sensitivity to economic data and central bank signals, with gold and other precious metals poised to respond accordingly. Manage your own risk in trading the base metal market.
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