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LONDON, Aug 27 - Gold prices were just shy of a record peak and oil prices levelled off on Tuesday after a surge over the past week, as investors sought safety amid geopolitical risks and looked ahead to Nvidia earnings and U.S. inflation data later this week.
Expectations for faster interest rate cuts in the United States have been a key driver of market moves, after Federal Reserve chair Jerome Powell said on Friday the central bank was ready to start cutting rates. The dollar index was just off a one-year low at 100.83 , while the euro and pound nudged towards multi-month highs versus the greenback.
"I think Nvidia will take more importance" than the inflation data, said Michaël Nizard, head of multi-asset at investor Edmond de Rothschild.
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