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Gold prices nurse steep losses as Trump win sparks dollar, risk-on rally
Gold prices fell slightly in Asian trade on Thursday, extending steep losses
from the prior session after Donald Trump’s victory in the 2024 elections
sparked a rally in the dollar and risk assets.
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Pound at new 13-month high, wage data nudges euro
Business activity data helped lift the pound to a new 13-month high against the
dollar on Thursday and kept the euro just shy of a similar peak, with the
equivalent U.S. numbers and jobless claims figures to come later in the day.
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Dollar doldrums deepen as Fed leans dovish before Jackson Hole
The dollar traded near the lowest in more than a year against the euro and
sterling on Thursday as a dovish Federal Reserve and fresh signs of weakness in
the U.S. job market backed the case for interest rate cuts.
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Japan stocks higher at close of trade; Nikkei 225 up 0.67%
Japan stocks were higher after the close on Thursday, as gains in the Paper &
Pulp, Marine Transport and Gas & Water sectors led shares higher.
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Bitcoin price today: steadies at $60k amid some rate cut cheer
Bitcoin price rose on Thursday, tracking a broader increase in risk-driven
markets amid growing bets on a September interest rate cut, although speculation
over more token distributions by Mt Gox limited overall gains.
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Gold prices dip from record highs; rate cuts, recession in focus
Gold prices fell from record highs in Asian trade on Thursday as a rally in the
yellow metal cooled, with market focus remaining on U.S. interest rate cuts and
brewing fears of a recession.
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US stock futures steady as rate cut cheer grows
U.S. stock index futures rose slightly in evening deals on Wednesday, extending
gains from Wall Street as the minutes of the Federal Reserve’s recent meeting
fueled growing conviction that the central bank will cut rates.
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