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Gold Tumbles Amid Increasing Fed Rate Hike Bets, Rising Crude Oil Prices
Source: Nasdaq
Commodities & Raw MaterialsInterest Rates & YieldsInflationMonetary PolicyEnergy Markets & Prices
Gold prices fell on Monday, more than reversing Friday's incremental gains, after recent U.S. inflation data increased expectations that interest rates will remain higher. The prospect of higher rates is bearish for non-yielding gold because it raises the opportunity cost of holding the metal.
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