Gold gains as upbeat U.S. economic data lifts market sentiment (NYSEARCA:GLD)
- Gold futures closed higher on December 16, driven by recent economic data and changing monetary policy expectations
- The Consumer Price Index report indicated easing inflation in the United States, weakening the dollar and dropping Treasury yields, which typically support gold prices
- Analysts noted that easing inflation has rekindled hopes for a looser Federal Reserve stance, with potential interest rate cuts anticipated in 2025
- Despite rising prices, a ceasefire agreement between Israel and
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Coverage Details
Total News Sources0
Leaning Left1Leaning Right3Center0Last UpdatedBias Distribution75% Right
Bias Distribution
- 75% of the sources lean Right
75% Right
L 25%
R 75%
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