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Gold Holds Decline as Mideast Tensions Bolster Rate-Hike Case
Source: Bloomberg
Commodities & Raw MaterialsEnergy Markets & PricesGeopolitics & WarInflationInterest Rates & Yields
Gold extended its decline for a third day as new attacks on Middle East shipping heightened inflation risks. The prospect that inflation pressure could prompt another US interest-rate hike weighed on the non-yielding metal, despite the geopolitical escalation.
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