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Gold Steadies After Tumbling as Warsh Spurs Fed Rate-Hike Bets
Source: Bloomberg
InflationInterest Rates & YieldsMonetary PolicyEnergy Markets & Prices
Gold steadied after dropping over 3% on Friday as Fed Chair Kevin Warsh reiterated a commitment to fight inflation, boosting expectations of US interest-rate hikes. The repricing in rate odds pressured bullion prices but the subsequent stabilization suggests investors are calibrating positioning rather than reacting to a new shock.
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