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Gold pressured despite falling yields as Hormuz diplomacy sparks oil price reversal

Source: kitco.com

Commodities & Raw MaterialsInterest Rates & YieldsHousing & Real EstateInflationMonetary Policy
Gold pressured despite falling yields as Hormuz diplomacy sparks oil price reversal

In late U.S. trading Tuesday, spot gold fell while spot silver rose. Weakening housing activity and lower Treasury yields were outweighed by persistent inflation concerns and expectations of additional Federal Reserve tightening.

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