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Gold Holds Near $4,400 as Rate Hike Bets Clash With Safe-Haven Inflows

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The Story

News Summary

  • Gold steadied near $4,400 as rate hike expectations from the Fed, ECB, and BOJ offset safe-haven demand fueled by US-Iran tensions.
  • Rising oil prices have renewed inflation concerns, keeping central bank policy hawkish, while ongoing central bank purchases and debasement hedging provide crucial underlying support.
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XAUUSD price history

4331.90 -10.45% over the displayed period

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