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Gold likely to rally after Fed hints at “slow down” amid GDP contraction
  • Gold prices increased for a second consecutive week amid weak GDP data and possibility of a Fed pivot.
  • With the Fed having reached the 'neutral' interest rate, Powell noted that rate hikes may "slow down."
  • Markets will closely watch economic data this week including jobless claims, ISM and nonfarm payrolls.
July 31, 2022

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