NEWS | 08/29/2025 10:01:05 GMT
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By FXStreet Team
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Editors’ Picks
GBP/USD stays weak below 1.3500, with eyes on US PCE data
GBP/USD stays pressured below the 1.3500 mark inEuropean trading on Friday. Despite the latest leg down, Cable remains firmly entrenched in recent consolidation. Markets are positioning themselves, bracing forthe upcoming US Personal Consumption Expenditures Price Indexinflation print.
Gold drifts lower ahead of US PCE release
TheGold price edges lower during the early European trading hours on Friday. The priceretreats from near a five-week high of $3425.The upbeatUS economic data,including the US Gross Domestic Product (GDP) and weekly Initial Jobless Claims data,provide some support to theUS Dollar and weigh on the USD-denominated commodity price.
AI boom or bubble? Three convictions for investors
AI 2.0 = from “build it” to “prove it”: Big Tech’s AI investment is already in the hundreds of billions, but monetization remains modest. The cycle is shifting from spending on capacity to delivering productivity and revenue impact.
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