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Gold prices remained steady on Wednesday. Investors are waiting for important inflation reports later this week. Expectations of a U.S. interest rate cut this month helped keep gold above $3,600 per ounce. The dollar index rose, making gold more expensive for other currency holders. Focus is now on U.S.
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Many global firms are at an inflection point, as they face the heat of nationalism from their home countries.
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Asian stocks showed mixed performance as investors await key inflation data that could influence the Federal Reserve's rate cut decisions. Hopes for rate cuts were fueled by signs of a cooling US labor market, even as geopolitical tensions in the Middle East pushed oil prices higher. Traders are also monitoring potential trade actions and economic data from China.
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News and Media
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