USD/MXN retraces its recent gains on improved mood, trades lower near 16.92

USD/MXN loses ground after two days of profits, trading lower near 16.92 during the European hours on Tuesday.
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Gold price advances on persistently high rate-cut bets

Gold price (XAU/USD) kicks-off the 2024 year on a promising note, demonstrating a firm-footing on Tuesday amid prospects of a reduction in interest rates by the Federal Reserve (Fed) starting in March.
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