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Gold gains as upbeat U.S. economic data lifts market sentiment (NYSEARCA:GLD)

  • Gold futures closed higher on December 16, driven by recent economic data and changing monetary policy expectations
  • The Consumer Price Index report indicated easing inflation in the United States, weakening the dollar and dropping Treasury yields, which typically support gold prices
  • Analysts noted that easing inflation has rekindled hopes for a looser Federal Reserve stance, with potential interest rate cuts anticipated in 2025
  • Despite rising prices, a ceasefire agreement between Israel and
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  • 75% of the sources lean Right
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