Gold eases as rate cut concerns counter geopolitical risks
Tue, Apr 16, 2024 7:55 PM

Gold eases as rate cut concerns counter geopolitical risks

A Flip by Avya Verma
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Gold prices eased on Tuesday, as rising expectations of fewer U.S. rate cuts this year overshadowed safe-haven demand amid ongoing tensions in the Middle East. Spot gold fell 0.2% to $2,376.90 per ounce by 09:26 ET (1326 GMT). The yellow metal touched an all-time high of $2,431.29 on Friday in anticipation of Iran's retaliatory attack against Israel. Data on Monday showed U.S. retail sales.

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