United States Construction Spending (MoM) registered at 0.6% above expectations (0.2%) in March

United States Construction Spending (MoM) registered at 0.6% above expectations (0.2%) in March
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Fed: Higher-for-longer stance weighs on Gold – TD Securities

TD Securities strategist Bart Melek notes that the latest FOMC decision and the Iran-related Oil shock are pushing the Fed toward a neutral or even restrictive bias, delaying any rate cuts.
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