Gold hits new high then retreats - London Business News | Londonlovesbusiness.com
Briefly

Primarily, statements from several representatives of the U.S. Federal Reserve have shaken the market, according to their pronouncements, interest rate cuts are not near the horizon due to persistent inflationary pressures.
Investors pay close attention to every statement from Fed officials, as these directly influence their investment decisions. Uncertainty about the future of interest rates and monetary policy affects market perception, causing significant movements in the prices of gold and other financial assets.
Read at London Business News | Londonlovesbusiness.com
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