Israel-Hamas conflict, FOMC outcome to challenge gold traders' resilience this week

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Key Points

The US dollar saw a boost from a combination of lackluster corporate earnings, safe-haven demand, and signs of the US economy's resilience..

Core PCE prices and personal spending further reinforced the notion of sustained economic strength.AP..

As central bank meetings and economic data releases loom on the horizon, gold remains an attractive safe-haven asset, offering protection against geopolitical uncertainties and potential strength in the US dollar..

WTI Crude oil prices initially fell to $82.08 per barrel due to positive developments, including the release of two US hostages by Hamas and the gradual flow of aid into Gaza through Egypt's border..

London Metal Exchange (LME) base metals experienced fluctuations as investors assessed whether China's renewed focus on fiscal spending would provide the necessary boost to the economy, especially in light of the ongoing real estate crisis..

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