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US Economic Data Mixed, Gold Drifts Higher Ahead of Fed Chair's Speech
Precious metals experienced a mixed day as investors digested a series of US economic reports, including slowing GDP growth and stronger durable goods orders. The CNN Fear & Greed Index registering 'Greed' suggests a potential headwind for safe-haven assets, though gold managed to post modest gains. All eyes are now on Fed Chair Kevin Warsh's upcoming remarks at the Jackson Hole symposium for further policy guidance.
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