TechFlow, November 27 — According to Jinshi Data, IGM analyst Roderick Pillai said that spot gold fluctuated around $4,150 in early Thursday's Asian session, slightly below the one-week high of $4,173.42 reached on Wednesday. This is because, following the release of the Federal Reserve's Beige Book, markets continue to bet on a rate cut by the Fed in December, as the report did not weaken expectations for short-term monetary easing. Broader support for gold prices still stems from political pressure on the Fed. Earlier reports this week indicated that Kevin Hassett, Director of the White House National Economic Council, remains the frontrunner to succeed Chair Powell. Notably, he is seen as a key advocate of President Trump's dovish monetary policy stance.
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