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Trump Presses Fed for Lower Rates Amid Strong August Jobs Report

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President Donald Trump has renewed pressure on the Federal Reserve to lower interest rates after stronger-than-expected August jobs data boosted expectations of a September rate hike.

US employers added 162,000 jobs in August, exceeding forecasts and keeping the unemployment rate at 4.1%.

The strong labor market report sent gold prices falling as higher interest rate expectations lifted the US dollar.

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