Precious metals start a rally after soft US CPI data – TDS

Precious metals rally started after below expected US inflation data hit the market.
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US Dollar extends losses as soft inflation data confirms market's September rate cut expectations

The US Dollar measured by the DXY index slipped further on Thursday, mainly due to the decelerating inflation figures from the US Consumer Price Index (CPI), which makes an even better case for a September interest rate cut by the Federal Reserve (Fed).
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