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Gold (XAUUSD) Tumbles on Fed Rate Hike Bets Amid Surging US Inflation Data

Moneycontrol Read original source (opens in a new tab)
The Story

News Summary

  • Gold declined 0.70% as stronger-than-expected US inflation data reinforced expectations for prolonged elevated Federal Reserve interest rates, pressuring precious metals despite geopolitical tensions supporting traditional safe havens.
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Stored market data

XAUUSD price history

4371.40 -5.31% over the displayed period

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