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Editors’ Picks
Gold sits at fresh record highs above $3,800
Gold hangs close to record highs above $3,800 in Monday’s European trading hours.. Concerns about a US government shutdown and market talks on fresh tariffs weigh on the US Dollar amid looming Fed rate cut bets, underpinning Gold. Fedspeak and US data remain in focus.
GBP/USD advances to near 1.3450 amid sustained US Dollar weakness
GBP/USD advances to near 1.3450 in European trading on Monday. The US Dollar loses ground as the US August PCE inflation report reinforced Fed rate cut expectations, further undermined by government shutdown fears. Speeches from BoE and Fed officials remain in focus.
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