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Gold Pressured Near 8-Month Lows on Fed Rate Hike Bets

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The Story

News Summary

  • Gold steadied near an eight-month low around $4,000 as strong US economic data, including high job openings and persistent core inflation, bolstered expectations for Federal Reserve rate hikes this year.
  • Investors also monitored ongoing US-Iran peace talks in Qatar.
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4408.90 -4.49% over the displayed period

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