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Market Impact: 0.4
Gold price hits two-week low as Warsh repricing, oil shock lift yields
Source: kitco.com
Interest Rates & YieldsCurrency & FXEnergy Markets & PricesInflationCommodities & Raw MaterialsMonetary Policy
Spot gold and silver are sharply lower in early U.S. trading, weighed by a global bond selloff, a firmer U.S. dollar, and higher oil prices. Traders are pricing a higher probability of a September Fed rate hike, pressuring bullion alongside rising yield-sensitive risk sentiment.
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mildly negative
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