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Global Market Report – 26 Jan 2021

Gold Spot Gold prices pared gains on Monday as the dollar edged higher, but expectations of fresh U.S. fiscal stimulus underpinned the bullion ahead of this week's Federal Reserve's meeting. U.S. President Joe Biden's administration countered concerns about the $1.9...

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Global Market Report – 25 Jan 2021

Gold Spot Gold prices fell more than 1% on Friday as a broader market sell-off weighed on the metal along with a firm dollar, while hopes for further stimulus from the U.S. put bullion on track for its first weekly gain in three. Technical Resistance: 1875/1887...

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Global Market Report – 22 Jan 2021

Gold Spot Gold prices eased from a two-week high on Thursday as investors booked some profit following a rally in the previous session, while expectations for further stimulus and a weaker U.S. dollar limited losses. Joe Biden was sworn in as the president of the...

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Global Market Report – 20 Jan 2021

Gold Spot Gold held on to gains on Tuesday as the dollar remained under pressure, with prospects for more stimulus buoying bullion's appeal as an inflation hedge. The value of the U.S. dollar should be determined by markets, Janet Yellen, U.S. President-elect Joe...

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Global Market Report – 18 Jan 2021

Gold Spot Gold prices fell more than 1% on Friday and the metal was heading for a second straight weekly drop as the dollar continued its upturn, overshadowing bullion's appeal as an inflation hedge after the U.S. president-elect proposed a new $1.9 trillion stimulus...

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Global Market Report – 15 Jan 2021

Gold Spot Gold prices rose on Thursday after comments by U.S. Federal Reserve Chair Jerome Powell cemented hopes around a lower interest rate environment, while prospects of more U.S. stimulus further lifted bullion's appeal as an inflation hedge. Powell said an...

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Global Market Report – 14 Jan 2021

Gold Spot Gold prices held steady on Wednesday, underpinned by data showing a rise in consumer prices in the United States and expectations that more fiscal stimulus from a Joe Biden administration could trigger higher inflation. Technical Resistance: 1872/1895...

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Global Market Report – 13 Jan 2021

Gold Spot Gold prices edged higher in a choppy trading on Tuesday as the U.S. dollar and Treasury yields eased, while prospects of higher inflation driven by more U.S. fiscal stimulus provided further support to the metal. U.S. President-elect Joe Biden said Americans...

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Global Market Report – 08 Jan 2021

Gold Spot Gold slipped on Thursday, weighed down by a stronger dollar and higher U.S. Treasury yields, although the prospect of further fiscal stimulus under a Democrat administration capped the losses. The dollar index rebounded from a multi-year low, making bullion...

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