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Gold price breaks 50-day support as oil rebound lifts inflation pressure
Source: kitco.com
Commodities & Raw MaterialsEnergy Markets & PricesInterest Rates & YieldsMonetary PolicyGeopolitics & War
Spot gold edged lower and spot silver faced heavier selling pressure in early U.S. trading. Rising oil prices, elevated Treasury yields, and firmer expectations for Federal Reserve rate hikes outweighed safe-haven demand related to the U.S.-Iran conflict, creating a near-term headwind for precious metals.
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