December Gold futures dropped with profit-taking, but rallied strongly from the lows of $3,573.70. This was the second down session in seven, and all three down sessions over the last 11 finished well off their lows. The market is working on its third consecutive up week, and its fifth up week in the last six. Multiple Fed speakers have publicly hinted at rate cuts at the upcoming September 17 FOMC meeting, citing a cooling labor market. Despite September being a seasonally weak month, Gold futures remain near their all-time highs.
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