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Gold Slides as Rising Oil and Hawkish Fed Outlook Pressure Metals

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Gold futures dropped over 1% as U.S.
  • strikes in the Middle East drove oil prices higher, increasing inflation expectations and strengthening the Federal Reserve's hawkish policy outlook.
  • Silver also declined following hawkish sentiment and rising bond yield pressures.
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XAUUSD price history

4408.90 -4.49% over the displayed period

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