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Gold trades near two-week high on cooling US rate-hike bets

Gold prices are holding firm near a two-week peak, buoyed by a recent U.S. jobs report that softened expectations for immediate Federal Reserve interest rate hikes. This cooling labor market data has led traders to scale back bets on a September rate increase. Investors are now keenly awaiting the Fed's meeting minutes for further clues on monetary policy direction, while demand in India saw a slight dip as prices rebounded.

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Economic TimesLean R·2h ago
Gold trades near two-week high on cooling US rate-hike bets
Gold prices are holding firm near a two-week peak, buoyed by a recent U.S. jobs report that softened expectations for immediate Federal Reserve interest rate hikes. This cooling labor market data has led traders to scale back bets on a September rate increase. Investors are now keenly awaiting the Fed's meeting minutes for further clues on monetary policy direction, while demand in India saw a slight dip as prices rebounded.
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Gold trades near two-week high on cooling US rate-hike bets

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Gold trades near two-week high on cooling US rate-hike bets

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