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Exxon Mobil and Gold Lag as Risk Rally and Yields Weigh on Defensives

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The Story

News Summary

  • First Eagle Global Fund's Q2 letter reported broad equity gains led by tech, while energy and gold detracted.
  • Exxon Mobil and gold bullion were cited among top detractors amid easing geopolitical tensions, rising Treasury yields, and a stronger dollar.
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XAUUSD price history

4350.90 -5.18% over the displayed period

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