The dollar consolidated near a seven-week high while gold edged down slightly after a Federal Reserve official urged a cautious path on interest-rate cuts.
Investors looked ahead of key U.S. inflation readings and the release of the Fed’s latest meeting minutes this week for additional clues on the Fed’s rate trajectory.
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Oil prices were down nearly 2 percent in Asian trading after recent strong gains.
Chinese markets rallied as trading resumed after a weeklong holiday. The benchmark Shanghai Composite index ended up 4.59 percent at 3,489.78, giving up some early gains.
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First Published: Oct 08 2024 | 4:35 PM IST
