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December 6, 2024

South Africa Sees Decline in Gold and Forex Reserves

South Africa’s net gold and forex reserves decreased to $60.619 billion in November, down from $61.197 billion previously. This drop has raised concerns about potential

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December 6, 2024

Gold Prices Start December with Limited Range Trading

Gold has started December trading with only modest movements, inching up by 0.2% to $2,637. Price action has shown limited fluctuations, with earlier lows dipping

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December 6, 2024

EUR/USD Stays Below 1.0600 as Attention Turns to NFP Data

The EUR/USD currency pair remains firmly below the 1.0600 mark, highlighting ongoing challenges. Traders are keeping a close eye on the upcoming US Non-Farm Payroll

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December 6, 2024

USDCAD Currency Pair Observes Downward Reversal at Key Resistance Level

The USDCAD currency pair has notably reversed direction, facing downward movement from a crucial resistance level at 1.4080. This level has previously shown to be

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December 6, 2024

USD/JPY Faces Headwinds Ahead of NFP Report Release

The US Dollar has established a base recently and is recovering gradually from a low of 148.65 against the Japanese Yen. However, challenges lie ahead

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December 6, 2024

US Jobs Report Could Shift Market Sentiment for DXY and

Market dynamics remain tense as traders await the latest US jobs report. This report comes in a week marked by fluctuating price action and uncertainty

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December 6, 2024

Gold and Silver Prices Surge Amid Economic Uncertainty

Gold prices have witnessed a notable rise recently, climbing to $2,640. Silver also saw impressive gains, reaching $31.37. This surge is attributed to growing speculation

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December 6, 2024

Eurozone Retail Sales Shock Markets, Pound Euro Exchange Rate Takes

The Euro managed to show resilience against several counterparts despite previous week’s disappointing Eurozone retail sales figures. Eurozone retail sales fell sharply from 0.5% to

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