Gold prices slump on Monday amid strong U.S. dollar and fears that the Fed will follow through on its plans to hike interest rates aggressively at upcoming FOMC meetings. The fundamental outlook remains bearish for non-yielding precious metals.
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Nobel Prize in economics awarded to trio including Ben Bernanke for work on financial crises | CNN BusinessFormer Federal Reserve Chair Ben Bernanke, Douglas Diamond and Philip Dybvig were awarded the Nobel Prize in economics on Monday for their work on banks and financial crises.
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Fed’s Evans Says Rates Will Need to Remain at Higher LevelsThe Federal Reserve will need to raise interest rates into early next year and keep them higher for some time, Chicago Fed President Charles Evans said Monday.
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Fed's Lael Brainard: Policy taking hold on economy, with full impact still months aheadReuters reported that the Federal Reserve Vice Chair Lael Brainard said in a speech on Monday that tighter US monetary policy has begun to be felt in
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Gold Price Forecast: XAU/USD is chipping away at critical support, eyes on a strong breakoutGold Price Forecast: XAU/USD is chipping away at critical support, eyes on a strong breakout – by fx_ross Gold DollarIndex Currencies Fed Commodities
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Gold Price Forecast: XAU/USD bears approach $1,680 support amid hawkish Fed betsGold price (XAU/USD) remains on the back foot around a one-week low, down for the fourth consecutive day to around $1,690 during early Monday morning
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