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US PPI Flat in July: Fed Rate Hike Bets Fade, Dollar Weakens

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • U.S.
  • producer prices were flat in July, reinforcing signs of cooling inflation and reducing expectations of a Fed rate hike in September, which is pressuring the dollar while boosting gold and equities.
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XAUUSD price history

4366.20 -5.42% over the displayed period

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