Gold gives up almost all of 2023 gains; higher rates, US non-farm payrolls data in focus - Business News, Finance News, Share Market News - Market trendz

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Wednesday 8 March 2023

Gold gives up almost all of 2023 gains; higher rates, US non-farm payrolls data in focus

This is compared with peak fed funds rate of 4.9% seen during early February 2023. At the same time, expectations of rate cuts have also come down, with traders now pricing in less than 15 basis points of rate cuts in 2023, from almost 60 basis points a month ago.

from Commodities-Markets-Economic Times
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