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GOLD: Intraday Analysis & Forecast update

Gold edged up on Thursday as the U.S. dollar eased, but prices languished near a two-month trough as investors lowered expectations of sooner and deeper rate cuts by the Federal Reserve this year.

“We believe that all the negative factors are already priced in. So from here, we are not expecting any (further) sharp downward move for gold prices,” said Kunal Shah, head of research at Nirmal Bang Commodities in Mumbai.

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