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Market Impact: 0.22
Gold holds firm despite elevated yields as Fed bets soften
Source: kitco.com
Commodities & Raw MaterialsInterest Rates & YieldsMonetary PolicyCurrency & FX
Spot gold and silver edged higher in late U.S. trading Thursday as expectations for an October Federal Reserve rate hike eased. Elevated Treasury yields and a strong U.S. dollar continued to cap bullion's upside, leaving the near-term outlook constructive but constrained.
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