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Market Impact: 0.3
Gold Plummets As Inflation Concerns Surface Amid Reports Of Fresh U.S. Attacks On Iran
Source: Nasdaq
Commodities & Raw MaterialsInflationInterest Rates & YieldsGeopolitics & War
Gold prices plunged on Thursday as concerns that energy-linked inflation could keep U.S. interest rates high outweighed the metal’s safe-haven appeal. The move followed a New York Times report that the U.S. and Israel were planning a short but intense military action; the article provides no price-change magnitude.
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