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Market Impact: 0.35
Gold Surges As Oil Prices Plunge Ahead Of Fed's Interest Rate Decision
Source: Nasdaq
Commodities & Raw MaterialsEnergy Markets & PricesMonetary PolicyInterest Rates & Yields
Gold prices surged on Wednesday, partially recovering losses from the prior two sessions, while crude oil prices fell sharply. Markets were positioning for an expected U.S. Federal Reserve interest-rate hike, with the policy outlook driving cross-commodity trading.
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