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Gold caps weekly loss as Fed bets, 5.2% yields limit rebound
Source: kitco.com
Commodities & Raw MaterialsEnergy Markets & PricesInterest Rates & YieldsMonetary PolicyGeopolitics & War
Spot gold and silver rose modestly in late U.S. trading Friday, supported by a decline in oil prices amid renewed hopes for U.S.-Iran diplomacy. The bullion rebound was capped by rising Treasury yields and firm expectations that the Federal Reserve will continue raising interest rates.
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