During the Asian trading session on Thursday (December 12), spot gold price decreased slightly and is currently trading at 2037 USD. Yesterday, Fed officials remained hawkish and stated that there would be no 'immediate interest rate cuts'. It was another hawkish speech following the hawks after Powell signaled dovishness. At that time, the market must wait for more data before predicting the time and amplitude of interest rate cuts. However, US existing home sales rose unexpectedly yesterday, and all this surprising data suggests the existence of economic viscosity and inflation, suppressing bullish sentiment. of the market for gold.
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