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Market Impact: 0.32
Gold price rebounds above $4,340 as lower oil eases rate pressure
Source: kitco.com
Commodities & Raw MaterialsInterest Rates & YieldsCurrency & FXEnergy Markets & PricesMonetary Policy
Spot gold and silver rose sharply in late U.S. trading, extending their rebound after the Federal Reserve's first interest-rate increase in more than three years. A softer U.S. dollar, easing Treasury yields and lower crude oil prices supported demand for precious metals.
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