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Gold slips as fading US-Iran peace prospects reinforce Fed rate-hike bets
Gold prices tumbled to a seven-month low as hopes for a U.S.-Iran peace deal faded, fueling inflation worries and increasing the likelihood of Federal Reserve interest rate hikes. Cleveland Fed President Beth Hammack indicated a willingness to raise rates if inflation persists. Investors are now keenly awaiting U.S. employment data for further clues on the Fed's monetary policy direction.
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economictimes.indiatimes.com
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…
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thehindubusinessline.com
Gold slips as fresh US-Iran strikes boost oil, Fed rate-hike bets weigh
Gold prices decline as US-Iran tensions escalate oil markets and Fed rate-hike expectations weigh heavily on investors.
