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Gold Steadies as Fed Officials Express Mixed Views on Rate Cuts

Gold Steadies as Fed Officials Express Mixed Views on Rate Cuts

Bloomberg21-07-2025
Gold was steady as markets opened on Monday, with traders weighing differing views from US Federal Reserve officials on how President Donald Trump's tariff agenda will impact inflation.
Bullion traded near $3,350 an ounce — after a small decline last week — as Fed Governor Christopher Waller advocated for a rate cut last week. Governor Michelle Bowman has also expressed an openness to a reduction, while their colleagues remained more cautious due to the risk of persistent inflation triggered by tariffs. Lower borrowing costs tend to benefit gold as it doesn't pay interest.
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