Gold set for weekly drop; traders await US data for cues

Quick Summary:

Gold prices were set for a weekly decline on Friday after the Federal Reserve's verdict on its monetary policy-easing cycle signalled a slowdown in rate cuts, while focus shifted to the U.S.

Personal Consumption Expenditure data due later in the day.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: Monetary policy Interest rate Commodities Federal Reserve Gold /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-20 @ 11:58:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 361 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 24564524

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 43 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 3 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #22

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