Gold erases gains after US data cements Fed’s hawkish stance
By Sherin Elizabeth Varghese (Reuters) – Gold prices edged higher on Thursday, erasing earlier gains after U.S. data reinforced market expectations that the Federal Reserve will take a cautious approach to policy easing in the year ahead. Spot gold was up 0.4% at $2,598.20 per ounce as of 01:51 p.m. ET (1851 GMT) and U.S. …
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