Day: May 17, 2024

Gold Gains on Positive China Data, Fed Rhetoric Limits Upside

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Gold prices (XAU/USD) edged higher on Friday, buoyed by strong economic data from China. However, hawkish comments from Federal Reserve officials capped further gains. Reasons for the Rise: Reasons for the Limited Gains: Technical Analysis: Positive data from China boosted gold prices, but the Fed’s stance and mixed US data limited significant gains. The technical […]

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