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Strategist: Any moderate signals from The Federal Reserve (FED) could provide further support for gold.
Jin10 data May 6 news, IG market strategist Yeap Jun Rong stated: “Gold prices started to rise strongly this week as investors returned to safe-haven assets to hedge against the portfolio fluctuations caused by renewed tariff concerns raised by U.S. President Donald Trump. Any dovish signals from the Federal Reserve (FED) could provide further support for gold, strengthening its overall upward momentum.”