💨 Abstract

Gold prices remained stable below record highs on Tuesday as expectations for further US interest rate cuts were tempered by the Federal Reserve chair, with investors awaiting this week's labor data for insights. The Fed is expected to pursue quarter-point rate cuts and is not in a hurry, according to Jerome Powell. A series of Fed speakers and U.S. labor market data, including ADP employment figures and nonfarm payrolls, are expected this week.

Courtesy: theprint.in

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