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Gold prices whipsawed amid hawkish central bank rhetoric

Gold prices have had a volatile week due to the central bank meeting, mixed US economic data and weakening USD. The yellow metal declined at the beginning of the week due to investor wariness ahead of the June FOMC meeting, but weakened further post-meeting as the Fed delivered a “hawkish skip.”
Christine Lagarde Federal Reserve Kotak Securities Ltd Commodity Research European Central Bank Flash Manufacturing

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