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Mon, 27 February 2023 Will Gold Be Able To Hold Above $1,800?

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Last week progress summary:

According to analysts, the January inflation data boosted expectations that the Fed will maintain its aggressive policy of raising interest rates "higher for a longer time".
Surprisingly, from the minutes of the FOMC meeting, there were several members who were leaning towards a 50 bps increase rather than the 25 bps that was finally adopted at the meeting.
The volatility in the gold market is far from over, as prices can fall as quickly as they recover.
The good news, gold is getting support from increased physical demand, especially from China, Turkey and India to avoid further decline.

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