nokiaphonk
@nokiaphonk
Gold prices rose in Asian trading on Thursday, hovering near record highs as traders remain hopeful that the yellow metal will benefit further from interest rate cuts. However, expectations for aggressive Fed easing cooled after core CPI data for August came in higher than expected. Traders are now looking for a smaller 25 basis point rate cut in September, which has helped the dollar gain and limited gold gains.
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