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Gold Advances as Traders Bet Fed Will Cut Interest Rates Soon
Gold advanced as traders continued to bet the Federal Reserve will soon cut rates. Bullion typically benefits in a lower rate environment as it pays no interest. Traders bet with almost certainty that the US central bank would lower borrowing cost at its next meeting in September. The expectation follows a weaker-than-expected jobs report last week. The precious metal also got support from renewed concerns over the Fed’s independence after Governor Adriana Kugler resigned last Friday, giving an opportunity to President Donald Trump to install a policymaker who aligns with his demands for lower interest rates. Trump ... (full story)
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- Aug 4, 2025 6:31pm Posted byFundamental Analysis234
