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Gold Tumbles Below $4200 as Hawkish Fed Signals Outweigh US-Iran Peace Deal

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The Story

News Summary

  • Gold prices fell below $4,200 as hawkish Federal Reserve signals outweighed optimism from the US-Iran peace deal.
  • Expectations of higher interest rates increased the opportunity cost of holding non-yielding gold, overshadowing eased inflation pressures from lower oil prices.
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XAUUSD price history

4340.00 -8.93% over the displayed period

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