United States Consumer Credit Change registered at $16.01B above expectations ($10.1B) in July

United States Consumer Credit Change registered at $16.01B above expectations ($10.1B) in July
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Gold hits fresh record at $3,646 as Fed rate cut bets strengthen

Gold’s rally extended for the second straight day on Monday, reaching a new record high of $3,646 as growing confidence that the Federal Reserve (Fed) will reduce rates at the September meeting increased. Therefore, XAU/USD trades at $3,634, up by more than 1%.
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