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Gold Forecast Today 27/12: Gold Holds Near $2,600 (Chart)
(MENAFN- Daily Forex)
- During the daily analysis of the commodity markets, the gold market is one that I'm paying close attention to, because I think there are a lot of different moving pieces at the moment.
- For starters, we have a situation where interest rates in the United States continue to climb, despite the fact that the Federal Reserve continues to cut rates.
- As an example, the 10 year yield in the United States is up 100 basis points, while the Federal Reserve has cut 100 basis points. This is the first time this has ever happened.

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