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The US dollar declines, gold rises as expectations of the Fed's interest rate hikes weaken
2026-08-08 05:23:57
According to CoinMeta, the US Dollar Index ( DXY ) fell to a seven-week low on Friday, closing down 0.41%. Against the backdrop of a surprise decline in non-farm payroll jobs in the United States in July and a lower-than-expected increase in average hourly wages, the US dollar tumbled, which was seen as a dovish factor in Federal Reserve policy. Meanwhile, gold prices rose due to the weakening US dollar.
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Source：Internet
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