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In Tuesday’s trading, gold’s shine dimmed marginally due to a surge in the value of the U.S. dollar and Treasury yields. Investors are currently playing a waiting game as they anticipate comments from various Federal Reserve speakers scheduled for the week. These statements are expected to shed more light on the central bank’s direction concerning interest rates.
This moment of anticipation comes amid heightened interest in the trajectory of the Federal Reserve’s policy. There has been rising speculation around the potential inclinations of the central bank’s interest rates. Now, investors’ focus is fixed on any indications or hints that might emerge from this week’s Federal Reserve speakers. Their comments are likely to heavily impact the investment world, especially concerning gold’s value, the U.S. dollar’s standing, and Treasury yields.
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