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Gold price eases from new seven-week high on Friday morning, as traders took some profits from Thursday’s 1.9% post-US CPI data rally. The yellow metal received fresh boost from cooler than expected US inflation, which boosted bets (93% from 70% before the data) for Fed rate cut in September. Easing consumer prices was probably the […]

The post XAU/USD: Gold May Rally Further After US CPI Data Boosted Bets for September Fed Rate Cut appeared first on Action Forex.

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20/01/2024

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