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Gold increased sharply after US economic data weakened

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XAU stays near historic peak, domestic gold skyrockets after more than 2 months of "immobility"
World gold prices continue to climb and are at a historic peak due to the further weakening of the USD.

According to the CME FedWatch tool, the market is betting on a 100% chance that the US Federal Reserve will cut interest rates on September 18.

Earlier this week, Fed Chairman Jerome Powell said that recently released data "increases confidence" that inflation is falling sustainably toward the Fed's target level.

Many Fed policymakers also said they are increasingly optimistic that inflation is on track and falling toward the 2% target mark.
Note
SELL XAU 2467

TP1: 2460
TP2: 2454

SL: 2475

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