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XAU/USD rises 0.17% to $3,340, trapped between $3,330 and $3,350 since late Thursday’s session.US Dollar fails to rally after in-line July Retail Sales and upward June revision; sentiment weakens, inflation expectations rise.US Dollar Index drops 0.37% to 97.83, while high Treasury yields cap Gold’s upside momentum.Gold price (XAU/USD) holds firm during the North American session as market participants await the outcome of the meeting between US President Donald Trump and his counterpart, Russian President Vladimir Putin. Traders shrugged off in-line US Retail Sales figures, which failed to propel the US Dollar. The XAU/USD trades at $3,340, up 0.17%.The golden metal…

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United States (US) President Donald Trump delivered his latest thoughts on his efforts to be the primary peace deal broker between Russia and Ukraine on Wednesday, and dipped back into the Federal Reserve (Fed) pool of usual statements to reiterate his own estimations of where interest rates should be.President Trump commented that there will be (but also might not be) a second meeting between himself and Russian President Vladimir Putin if he does (or doesn’t) receive satisfactory concessions from Putin. Trump also shared his “paper calculation” that Fed interest rates should be at or near 1%. Donald Trump’s math on…

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UK employment change jumps to 238K, offsetting steady 4.7% jobless rate.EU ZEW Economic Sentiment plunges in August, led by sharp German deterioration.US inflation data fuels EUR/USD gains, indirectly supporting EUR/GBP despite weak EU outlook.The EUR/GBP stays flat during the North American session, as economic data in the UK initially pushed the pair lower, even though the European Union (EU) ZEW survey showed a deterioration in the bloc. The cross-pair trades at around 0.8644, muted.Mixed data from Europe and Britain keeps cross muted despite softer US inflation boosting EUR/USDMarket mood remains upbeat following the release of a good inflation report in…

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