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Gold has slumped over 5% in the past two weeks as a Federal Reserve board members talked up the chances of a US rate hike in March. But the FOMC cannot meet market expectations for higher inflation until Donald Trump’s tax and spending plans are confirmed. Relatively dovish forecasts for the pace of rate hikes would support precious metals.
This is LCG’s daily Market Snapshot. Our Senior Market Analyst Jasper Lawler offers a concise analysis of one of the day’s key themes or events and how it could affect the charts of an asset within the stock, forex, indices or commodities market.
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