Gold Price Declines Amid Delayed Expectations for Federal Crycle
Gold Price Decline
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The price of gold declined from approximately $2,180 on Friday, experiencing consecutive sessions of losses as investors' expectations for the start of the US Federal Reserve's easing cycle were delayed due to robust US economic data.
Fed Chair's Statement
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The higher-than-anticipated inflation numbers support Fed Chair Jerome Powell's statement to exercise patience and maintain the current monetary policy approach until the disinflation process progresses.
Current Gold Price
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Currently, the XAU/USD is trading at $2,157.66, reflecting a 0.20% decrease.
_______
The price of gold declined from approximately $2,180 on Friday, experiencing consecutive sessions of losses as investors' expectations for the start of the US Federal Reserve's easing cycle were delayed due to robust US economic data.
Fed Chair's Statement
_______
The higher-than-anticipated inflation numbers support Fed Chair Jerome Powell's statement to exercise patience and maintain the current monetary policy approach until the disinflation process progresses.
Current Gold Price
_______
Currently, the XAU/USD is trading at $2,157.66, reflecting a 0.20% decrease.
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