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Gold Holds Decline After Fed Tilts Hawkish and Raises Rates
Source: Bloomberg
Monetary PolicyInterest Rates & YieldsCommodities & Raw Materials
Gold held lower after the Federal Reserve raised interest rates for the first time in three years and indicated another rate increase was likely before year-end. The hawkish policy signal raises the opportunity cost of holding non-yielding gold and is a near-term headwind for bullion prices.
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