Gold prices continued their climb above the $2,700 level on Thursday, after U.S. retail sales data rose less than expected in December and initial jobless claims rose sharply in January, weakening the dollar slightly.
The results also support the Fed's interest rate cut to prevent a sharper economic slowdown this year, after yesterday's softer core CPI figure hit gold prices.
Elsewhere, Israel and Hamas reached a ceasefire and hostage agreement, easing demand for safe-haven assets.
Source: Newsmaker.id
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