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Weekly Commodities Fundamental Report – 23 June 2023

27 June 20231 min read by Angel One
Weekly Commodities Fundamental Report – 23 June 2023
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Gold: Gold’s weekly performance was marked by a decline as the US dollar rebounded, diminishing its appeal to buyers using other currencies. On Tuesday, gold faced further weakness due to strong US housing starts data and a firmer dollar. Further, the market waited eagerly for the US Federal Reserve Chair, Jerome Powell’s testimony, as it was anticipated to offer some crucial insights into future interest rates.

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