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Pepperstone: The macro environment supports gold
[Pepperstone: Macroeconomic Environment Supports Gold] Pepperstone market strategist Ahmed Asiri stated, "The macroeconomic environment further supports the Fed's continued path of interest rate cuts, with labor market indicators softening and U.S. stock market valuations at elevated levels. In this context, gold has firmly held its ground as both a hedging tool and an investment vehicle."