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Market Impact: 0.55
Gold Dips On Stronger Dollar, Rising Yields
Source: Nasdaq
Commodities & Raw MaterialsEnergy Markets & PricesInterest Rates & YieldsInflationGeopolitics & War
Gold traded below $4,300 per ounce on Thursday as sharply higher oil prices intensified inflation concerns. U.S. bond yields climbed to their highest levels in nearly two decades, reflecting market concern that surging global energy prices amid the prolonged West Asian conflict could keep inflation and rates elevated.
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mildly negative
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