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Market Impact: 0.25
Gold price down but weathering ECB's 25 basis point rate hike
Source: kitco.com
Commodities & Raw MaterialsInterest Rates & YieldsMonetary PolicyCurrency & FX
Gold showed limited selling pressure against the euro despite the European Central Bank raising interest rates. The market's resilience suggests the ECB decision has not materially weakened gold demand in euro terms, though the article provides no price or rate magnitude.
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