Gold Steadies After Two-Month Peak as Rally Cools
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- Gold prices steadied after retreating from a two-month peak, with an inflation-led rally losing steam (Reuters)
- Gold traders are weighing the Federal Reserve's rate path alongside Mideast tensions as the next directional catalyst (Bloomberg)
Why it matters: Gold's stall at a two-month peak signals the inflation-driven bid that lifted prices is fading, so the next move hinges on how the Fed's rate path and Mideast risk premium shift — the two factors Bloomberg flags as currently in tension.
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