Gold prices extended losses on Tuesday, edging lower despite crude oil slumping as easing Middle East tensions improved risk sentiment. The article cites growing expectations for additional U.S. Federal Reserve interest rate hikes as the key headwind. Net effect: rates expectations outweighed the geopolitical/off-oil support for gold.
Gold prices extended losses on Tuesday, edging lower despite crude oil slumping as easing Middle East tensions improved risk sentiment. The article cites growing expectations for additional U.S. Federal Reserve interest rate hikes as the key headwind. Net effect: rates expectations outweighed the geopolitical/off-oil support for gold.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.15
