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DBS CEO: We do not expect the Federal Reserve to raise interest rates this year, but will trade according to market expectations.
2026-08-06
DBS CEO: We do not expect the Federal Reserve to raise interest rates this year, but will trade according to market expectations.
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2026-08-06
Spot gold breached $4,270/oz, up 0.55% intraday.
Spot gold breached $4,270/oz, up 0.55% intraday.
2026-08-05
On Wednesday, softer USD and falling oil prices pushed spot gold up for a third session, rising 2.29% intraday to $4,170/oz, its highest since July 7. Investors await US jobs data for clues on the rate outlook. OANDA senior market analyst Kelvin Wong
On Wednesday, softer USD and falling oil prices pushed spot gold up for a third session, rising 2.29% intraday to $4,170/oz, its highest since July 7. Investors await US jobs data for clues on the rate outlook. OANDA senior market analyst Kelvin Wong said: "The link between gold and oil remains, as oil has a large impact on inflationary pressure in the global economy. If we can see a clear roadmap for further de-escalation (in the Middle East), gold prices may continue to rise." Traders price a 59% chance of a Fed hike at the Sept. 15-16 meeting, down from 67% a day earlier.
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