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FX Desk

Gold firms as softer US PCE inflation cools October Fed hike bets

By FXStreet

Gold firms as softer US PCE inflation cools October Fed hike bets

Gold (XAU/USD) trades modestly higher on Wednesday, consolidating the previous day’s gains after recovering from a seven-week low touched on Monday.

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  1. Canadian Dollar gains as US inflation cools Fed October rate hike bets
  2. Euro finds support as softer US PCE data prompts traders to trim Fed rate-hike bets
  3. US Dollar: Coin flip for October rate hike – DBS
  4. Softer Australia CPI but RBA still hawkish – Rabobank
  5. Swiss Franc remains near 16-month lows as rate hike odds lift US Dollar

Source: FXStreet