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Market Impact: 0.2
Gold Near Nine-Week Low on Prospects for Rate Hike by Year-End
Source: Bloomberg
Commodities & Raw MaterialsGeopolitics & WarInflationInterest Rates & Yields
Gold traded near a nine-week low as renewed Strait of Hormuz tensions raised war-driven inflation concerns and investors assessed prospects for at least one additional US rate hike this year. The report gives no price level or quantified market reaction.
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