Gold Rebounds as Dollar Weakens, CME FedWatch Shows 64% Odds of September Fed Hike

According to Jin10, gold rebounded on July 2 as the U.S. dollar weakened during European trading. CME FedWatch tool data shows traders are pricing a 64% probability of a Federal Reserve rate hike in September, with odds of a hike by year-end near 85%. Market focus has shifted to the upcoming U.S. nonfarm payroll report.
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