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Dollar Slumps to 3-Month Low as Gold Surges and Rate Hike Bets Collapse

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

News Summary

  • The US dollar plunged to a three-month low following weak payroll revisions, falling retail sales, and cooling inflation.
  • Markets sharply reduced Fed rate hike odds, driving strong gains in gold, while Bitcoin experienced subdued trading.
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XAUUSD price history

4351.00 -5.17% over the displayed period

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