Source: PRECIOUS-Gold falls 1% as risk appetite firms on recovery optimism – Reuters
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Gold falls 1% as risk appetite firms on recovery optimism
Author: TonjaDaniels
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Fed Rate Hike Speculations Anchored
US dollar remains firm as Friday’s employment report intensified speculation of a rate hike in September. New York Fed president Dudley noted that “if the labour market continues to improve and inflation expectations remain well-anchored, then I would expect, in the absence of some dark cloud gathering over the growth outlook, to support a decision to begin normalizing monetary policy later this year”.
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Fed Rate Hike Speculations Anchored