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Gold Holds Near $4,600 as Investors Focus on Fed Rate-Hike Path

Source: Bloomberg

Monetary PolicyInterest Rates & YieldsEnergy Markets & Prices

Gold steadied near $4,600/oz as investors weighed expectations for US interest rates ahead of a key speech by Federal Reserve Chairman Kevin Warsh. The tone of the move appears cautious and driven primarily by rate outlook rather than company- or commodity-specific catalysts.

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