Gold subdued as investors await further data for Fed rate cues

Quick Summary:

GOLD prices eased on Monday, as investors were cautious ahead of more U.S.economic data release, while reports from last week showed that inflation was stabilising, lifting expectations that the Federal Reserve will likely cut interest rates this year.

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Several Fed officials are also scheduled to speak this week.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaAustralia

Topics: /Business/Business News Federal Reserve Inflation Interest rates Commodities Gold

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-17 @ 16:35:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 335 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © The Star

News ID: 21280079

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 46 posts per day

Year Established: 1971

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News Last Updated: 25 minutes ago

Coverage Areas: Malaysia

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