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New Zealand Westpac Consumer Survey climbed from previous 90.9 to 96.5 in 4Q

Gold losses shine as Fed-cut bulls assess how dovish soft CPI is

Gold (XAU/USD) erases earlier gains on Thursday after the non-yielding metal approached the all-time high (ATH) following the release of a weaker than expected inflation report in the US. XAU/USD trades at $4,335 after bouncing off daily lows of $4,308.
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Banxico reduced rates from 7.25% to 7% as widely expected

The Bank of Mexico — known as Banxico —, reduced rates by 25 basis points as expected at the December meeting with a 4-1 vote split, as Deputy Governor Jonathan Heat continues to dissent in the board, as he wanted to keep the main reference rate unchanged.
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