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- RhodiumApr 17, 202418:004,500.005,300.004,450.005,300.00--
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- RhodiumApr 17, 202418:004,500.005,300.004,450.005,300.00--
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17.67989.19230.47430.063129.10Gold And Silver Prices, News and Quotes
Gold prices decline as focus shifts to Fed officials’ restrictive policy statements
Apr 17
Gold futures declined today after Chairman Powell spoke about a change regarding interest rate cuts this year saying that the fight to tame inflation has appeared to have stalled. Because of that central bankers need more confidence that inflation was on track to decline to its 2% target. Chairman Powell along with other Fed officials said that it is most likely that the Federal Reserve will maintain the current Fed funds rates which are between 5 ¼% and 5 ½% for longer.
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