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Market Impact: 0.25
Gold shrugs off Fed rate hike as deeper forces drive safe-haven demand
Source: kitco.com
Commodities & Raw MaterialsMonetary PolicyInterest Rates & YieldsMarket Technicals & Flows
Gold prices held critical technical support despite the Federal Reserve raising interest rates and signaling further tightening by year-end. The resilience suggests gold-market drivers beyond monetary policy are supporting prices, though additional Fed tightening remains a headwind for the metal.
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