Gold Steadies as Fed Officials Express Mixed Views on Rate Cuts
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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