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Gold Prices Ascend to Seven-Month High Amid Dovish Fed Sentiment

The Dollar’s slump to an August low reinforces gold’s allure, a sentiment echoed by Fed Governor Christopher Waller’s remarks that rate reductions could be on the horizon if inflation eases in the coming months. Conversely, Governor Michelle Bowman’s more hawkish stance, emphasizing the need for further rate hikes amidst persistent inflation, introduces a measure of caution to the markets.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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