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Market Impact: 0.25

Gold Edges Higher as Lower Oil Prices Damp Chance of Rate Hikes

Source: Bloomberg

Commodities & Raw MaterialsEnergy Markets & PricesInterest Rates & YieldsInflationMonetary Policy

Gold edged higher as a multi-session decline in oil prices eased inflation concerns and reduced perceived odds of further Federal Reserve rate hikes. Lower expected rates are supportive for non-yielding gold, although the move described was modest.

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