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Gold Ticks Higher Amid Decline In Crude Oil Prices, Increasing Fed Rate Hike Bets
Source: Nasdaq
InflationMonetary PolicyInterest Rates & YieldsCommodities & Raw MaterialsGeopolitics & War
Gold prices were nearly flat Friday as inflation data reinforced investor expectations for another U.S. Federal Reserve interest-rate hike. Higher-rate expectations are a headwind for non-yielding gold, while reports of a forthcoming Iran-Gulf Cooperation Council meeting introduced a geopolitical factor into commodity-market positioning.
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