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United States MBA Mortgage Applications down to -5.2% in November 14 from previous 0.6%

Gold Price Forecast: XAU/USD rallies beyond $4,100 on risk-off trading

Gold (XAU/USD) is trading higher for the second consecutive day on Wednesday, reaching intra-week highs, right above $4,100, favoured by the risk-averse markets and heightened hopes that the US Federal Reserve might ease monetary policy at its December meeting.US employment data disappointed on Tues
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USD/JPY rallies further above 156.00 on soaring 10-year JGB yields

The USD/JPY pair extends its rally to near 156.20 during the European trading session on Wednesday. The pair strengthens as the Japanese Yen (JPY) declines sharply amid surging yields on Japan Government Bonds (JGBs), following hopes that the administration will announce bigger economic stimulus.
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