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Gold (XAU/USD) kicks off the new month on a firm footing, climbing to its highest level since October 21 on Monday, as risk-off sentiment underpins safe-haven demand, while traders gear up for another interest rate cut by the Federal Reserve (Fed) at its December 9-10 monetary policy meeting. At the time of writing, XAU/USD is…
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Get ready for CPI – US Inflation Preview
The trading world awaits the final piece to this week’s US economic puzzle, with the US Consumer Price Index (CPI) releasing tomorrow at 8:30 A.M. (ET). After a cold Retail Sales (0% vs 0.4% exp) and a surprisingly strong Non-Farm Payrolls report (130K vs 70K exp), the third wave of high-tier US data should provide…
