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Geopolitical uncertainty and Fed rate cuts driving gold price momentum next week

Geopolitical uncertainty and Fed rate cuts driving gold price momentum next week

Kitco News | Jan 12

(Kitco News) – Market conditions are aligning for the gold market as the precious metal benefits from safe-haven demand and growing expectations that the Federal Reserve will cut rates sooner than expected.The gold market is ending the week testing resistance at $2,050 an ounce and according to some analysts, the precious metal still has room to move higher as bullish momentum is just starting to pick up.



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