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: Gold prices took a significant nosedive as the Federal Reserve (Fed) is expected to provide hawkish guidance on interest rates. The Fed might further tighten its policies due to robust wage growth. Heightened tensions in the Middle East have added more appeal to the rising price of gold. Gold prices are facing an extended selloff while struggling to stabilize...
Gold prices remained stable in today's session, with Spot Gold holding at $1,982.84 per ounce and Gold Futures dipping slightly by 0.2% to $1,991.35. This stability comes as market participants eagerly await important monetary policy announcements from the Federal Reserve and the Bank of England. The consolidation in gold prices follows a sharp increase in the...