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Gold Falls Again As Dollar Rises On Rate Hike Bets

Source: Nasdaq

Commodities & Raw MaterialsEnergy Markets & PricesMonetary PolicyInterest Rates & YieldsCurrency & FX

Gold prices declined on Wednesday as a firm U.S. dollar and expectations for another Federal Reserve rate increase this year weighed on the non-yielding precious metal. The move reflects renewed hawkish-rate expectations, which support the dollar and raise the opportunity cost of holding gold.

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