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Market Impact: 0.25
Gold heads for steep weekly loss as Hormuz tensions lift crude toward five-month highs
Source: kitco.com
Commodities & Raw MaterialsGeopolitics & WarMonetary PolicyInterest Rates & YieldsEnergy Markets & Prices
Spot gold and silver fell sharply in early U.S. trading Friday, extending Thursday's losses. Renewed Middle East tensions lifted crude oil prices and reinforced expectations that the Federal Reserve will keep monetary policy restrictive.
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