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Gold Tumbles As Fed Rate Hike Bets Rise As Crude Oil Price Surge
Source: Nasdaq
Energy Markets & PricesGeopolitics & WarInflationInterest Rates & YieldsCommodities & Raw MaterialsMarket Technicals & Flows
Gold prices fell for a third straight session as crude oil jumped after new weekend U.S.-Iran attacks, lifting U.S. rate-hike expectations aimed at containing resulting inflation. The shift toward higher yields weighed on non-yielding gold, reinforcing a risk-off tone across commodities.
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