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Gold Wavers as Traders Weigh Outlook for Fed Tightening Path

“Asymmetric risks are clearly building for a bullish setup/reversal after Jackson Hole and into September for precious metals,” Nicky Shiels, head of metals strategy at MKS PAMP SA, wrote in a note. Powell “may actually be mildly hawkish but Fed-sensitive assets like gold rallies, given how offside everything has become.”

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