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Category: Industry

Gold Edges Lower as US Dollar and Yields Firm

Gold prices edged lower on Wednesday as the US dollar and Treasury yields held firm ahead of key inflation data, which could offer more clarity on the Federal Reserve’s interest rate trajectory.

Spot gold eased 0.2% to $2,356.92 per ounce. Prices had…

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IMF Rises China’s 2024 Growth Forecast to 5%

China’s economic growth is projected to “remain resilient” at 5% this year, driven by its strong first-quarter data and recent policy measures, the International Monetary Fund (IMF) said after its team concluded a visit to the country.

That forecast …

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