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19 Sep 2024

Why do gold prices fluctuate after the Fed's decision

Gold prices moved within a stable to lower range during Asian trading on Thursday, incurring losses overnight after less pessimistic signals from the Federal Reserve offset some of the optimism regarding interest rate cuts. The strength of the dollar put pressure on bullion prices, as the dollar surged sharply due to bets that U.S. interest rates may not decrease as much as expected in the medium to long term

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