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Market Impact: 0.35
Gold Rises After ADP Data Overrides Inflation Concerns Due To U.S.-Iran Conflict
Source: Nasdaq
Interest Rates & YieldsEconomic DataGeopolitics & WarEnergy Markets & Prices
Gold prices inched higher on Wednesday, gaining some support as weaker-than-expected U.S. private jobs data reduced expectations for a Fed rate hike. The move was partially offset by renewed concerns tied to the re-escalation in U.S.-Iran tensions, keeping risk premia elevated. Overall, the data-driven cooling in rate expectations helped underpin gold despite ongoing geopolitical uncertainty.
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