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Gold Holds Drop as Rising Oil, Inflation Bolster Rate-Hike Bets
Source: Bloomberg
Commodities & Raw MaterialsInflationMonetary PolicyInterest Rates & YieldsEnergy Markets & Prices
Gold extended its decline after the latest US inflation report and a surge in oil prices strengthened the case for a Federal Reserve interest-rate hike next week. Higher expected policy rates typically raise the opportunity cost of holding non-yielding gold, creating near-term pressure on bullion prices.
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