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New All-Time Highs in Gold
Gold prices have broken out to fresh record highs this week with the futures market soaring to 3,694.75, as of writing. The move comes amidst fresh weakness in the US Dollar has the greenback heads south ahead of tomorrow’s keenly awaited September FOMC meeting. The Fed is widely expected to cut rates by .25% while signalling that further easing is expected over the remainder of the year. Recently, traders Fed expectations have turned increasingly dovish, fuelled by growing weakness in labour market data. Even a fresh rise in US CPI last week didn’t dent easing forecasts with the market currently pegging three ... (full story)