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Fed's Easing Pace Questioned But Gold To Remain Around The $1,400 Level - Analysts

Monday, 8 July 2019 12:50 WIB Gold Outlook Gold Corner

The precious metals sector got hit hard last Friday as the market re-priced its Federal Reserve rate cut expectations — taking a 50-basis point cut off the table in July. The analysts are now busy debating whether or not the Fed will cut rates in July and by how much in light of the latest solid job numbers out of the U.S. The economy added 224,000 new positions in June, while the unemployment rate edged up to 3.7% and wage growth remained at 3.1%. "The employment report was a lot stronger than expected. And if you look at the three-month average payroll employment growth, it clearly slowed so far this year, but remained at a reasonably solid level,” Capital Economics U.S. economist...

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