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Market Impact: 0.38
Gold Steadies as Easing US Bond Yields Reduce Rate-Hike Bets
Source: Bloomberg
Commodities & Raw MaterialsInterest Rates & YieldsMonetary PolicyGeopolitics & WarEnergy Markets & Prices
Gold posted a modest gain as softer US Treasury yields supported the non-yielding asset. Federal Reserve officials indicated they need more time to assess the appropriate next interest-rate move, while potential Middle East escalation kept energy costs elevated and sustained safe-haven demand.
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