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Market Impact: 0.35
Gold Slumps As Fed Rate Hike Bets Increase Amid Ongoing Intense U.S.-Iran Conflict
Source: Nasdaq
Commodities & Raw MaterialsGeopolitics & WarEnergy Markets & PricesInterest Rates & Yields
Gold prices fell on Thursday, reversing the prior session's gains, as investors assessed renewed U.S.-Iran tensions, higher oil prices and the prospect of a U.S. interest-rate hike. The combination of geopolitical escalation and potentially tighter monetary policy is pressuring bullion, which does not generate interest income.
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