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Gold slips as US-Iran tensions lift oil, US rate-hike bets weigh
Gold prices dipped as escalating U.S.-Iran tensions fueled oil prices, while anticipated U.S. Federal Reserve interest rate hikes added further pressure. Despite a brief missile exchange, both nations reportedly agreed to de-escalate and resume talks. Meanwhile, Indian gold demand saw a premium emerge, contrasting with subdued activity in China. Other precious metals experienced mixed movements.
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economictimes.indiatimes.com
Gold price prediction: Why is gold rate down today? What to expect for bullion in July, August
Gold rate today down as oil prices rose following days of tit-for-tat strikes by the United States and Iran in the Middle East raising apprehnsions over Strait of Hormuz.
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Gold slips as US-Iran tensions lift oil, US rate-hike bets weigh
Gold prices dipped as escalating U.S.-Iran tensions fueled oil prices, while anticipated U.S. Federal Reserve interest rate hikes added further pressure. Despite a brief missile…
