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Market Impact: 0.3
Gold Edges Lower As Dollar Recovers Amid Middle East Tensions
Source: Nasdaq
Commodities & Raw MaterialsEnergy Markets & PricesGeopolitics & WarInflationInterest Rates & Yields
Gold prices edged lower Tuesday as rising oil prices tied to escalating Middle East tensions renewed concerns over inflation and potentially higher interest rates. The inflation-risk backdrop weighs on gold by increasing the prospect of elevated yields and tighter monetary conditions.
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