GOLD MANAGED TO HOLD ABOVE
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Gold has managed to hold above $1,450 since there is some bargain hunting. This is a good entry level for the ones who missed out previously, Reduced expectations of further interest rate cuts by the Fed has weighed on spot gold prices.
Investors are closely watching U.S. data for signs on the health of the world’s largest economy, which could influence the U.S. Federal Reserve in its decision on further monetary easing.
