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Gold Tumbles As Investors Parse Fed Chair's Speech At Jackson Hole Symposium

Source: Nasdaq

Interest Rates & YieldsGeopolitics & WarEnergy Markets & Prices

Gold prices slumped as traders digested Fed Kevin Warsh’s Jackson Hole remarks, which were read as hinting at potential rate hikes. The move also reflected risk pressure from the ongoing U.S.-Iran crisis, with the market weighing tighter policy odds against geopolitical uncertainty.

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