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Market Impact: 0.45
Gold Slides As Fed Rate Hike Bets Increase Amid Expanding Gulf Oil Crisis
Source: Nasdaq
Commodities & Raw MaterialsEnergy Markets & PricesGeopolitics & WarInflationMarket Technicals & Flows
Gold prices extended their decline on Tuesday amid a prolonged delay in reopening the Strait of Hormuz. Saudi Arabia's closure of a key transport pipeline heightened inflation concerns, affecting market expectations and contributing to pressure on bullion prices.
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Overall Sentiment
mildly negative
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