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With multiple positive factors converging, gold prices remain unfazed as they trade in a narrow range at elevated levels
06/01/2026 01:28
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Gold prices edged higher, driven by safe-haven demand and expectations of a rate cut by the Federal Reserve, and remained near one-week highs.Carsten Fritsch of Commerzbank said, “The U.S. military intervention in Venezuela over the weekend provided a boost, leading to stronger safe-haven demand. Additionally, the U.S. December ISM Manufacturing Index was disappointing, falling to a 14-month low.”
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