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Market Impact: 0.55
Gold Holds Losses as Higher Oil Stokes September Rate-Hike Bets
Source: Bloomberg
Commodities & Raw MaterialsEnergy Markets & PricesGeopolitics & WarMonetary PolicyInterest Rates & Yields
Gold remained lower as Middle East-related disruptions to oil flows reinforced expectations that the Federal Reserve could raise interest rates as soon as this week. Higher oil prices may intensify inflation concerns and support a more hawkish Fed stance, creating headwinds for non-yielding gold.
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