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Market Impact: 0.35
Gold Steadies as Traders Weigh Inflation and Fed Hike Outlook
Source: Bloomberg
Commodities & Raw MaterialsInterest Rates & YieldsInflationMonetary Policy
Gold held steady as traders assessed the risk that inflation remains persistent following the Federal Reserve's first interest-rate hike since 2023. The policy move and uncertainty over the future rate path are key drivers for bullion, which typically faces pressure from higher yields.
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