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Gold Advances As Traders Weigh Oil-Linked Inflation Concerns Against Safe Haven Demand
Source: Nasdaq
Commodities & Raw MaterialsEnergy Markets & PricesInflationInvestor Sentiment & Positioning
Gold prices edged higher on Wednesday, partially recovering losses from the prior two sessions, supported by safe-haven demand. Investors are weighing a surge in oil prices and its potential to increase inflationary pressures, which could influence the outlook for gold and interest rates.
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