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After the CPI is published, traders increase their bets that the Federal Reserve will cut interest rates in September and December.
BlockBeats News, August 12th: After the release of the U.S. CPI, traders increased their bets on a September rate cut by the Federal Reserve, continuing to bet on rate cuts in September and December.
Spot gold saw a short-term surge of over $10, while the U.S. Dollar Index (DXY) experienced a short-term decline of over 30 points, trading at 98.25.
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