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Gold prices are expected to remain in a corrective phase in the coming week ahead of the crucial US inflation data, continuing uncertainties over trade tariffs and key economic numbers from China, analysts said. Traders will also closely watch comments from US Federal Reserve officials for clarity on the monetary policy outlook, which is likely to steer the near-term direction for bullion prices, they added. "Gold prices are expected to see some consolidation or more correction as focus will be on the inflation numbers, US Supreme Court hearing on tariffs, speeches from Fed officials, and Chinese data," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. He said that although gold prices ended the week slightly lower, the metal is largely stuck in a range, capped on the upside by a stronger dollar and sluggish physical demand as retail buyers stayed away on the sidelines in anticipation of further price correction. However, Mer noted ..
Republican US Rep Elise Stefanik is running for governor of New York, her campaign announced Friday. In a video shared on social media, Stefanik called Democratic Gov Kathy Hochul the worst governor in America and called New York the most unaffordable state in the nation. Stefanik, who represents a solid red congressional district in upstate New York, has for months teased a run for governor, levelling heavy criticism at Hochul and more recently toward Zohran Mamdani, the mayor-elect of New York City. I am running for governor to bring a new generation of leadership to Albany to make New York affordable and safe for families all across our great state," Stefanik said in a statement issued Friday. Last year, President Donald Trump picked Stefanik, a staunch ally, to be the administration's ambassador to the United Nations, but months later rescinded the nomination over concerns about Republicans' tight margins in the House. Though any Republican faces long odds of winning the ...