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Gold Dips as Investors Take Profits
Gold eased back to around $5,030 an ounce on Tuesday, as traders cashed in after a recent climb to a one-week high.
Whatâs Next?$XAU
All eyes are on key U.S. data this weekâespecially jobs and inflation numbersâwhich could signal the Federal Reserveâs next move on interest rates.
Why Gold Still Shines
· Rate Cut Hopes: Markets expect at least two interest rate cuts this yearâgood news for gold.
· Central Banks Are Buying: China, for example, has been adding to its gold reserves for 15 straight months.
· Safe-Haven Demand: Ongoing U.S.-Iran tensions continue to fuel demand for gold as a protective asset.
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XAUUSDT
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4,967.73
-2.05%