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Gulf Tensions Spike Oil, Gold as Fed Eyes September Hike

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

News Summary

  • Gulf tensions push Brent above $100, fueling stagflation fears alongside new U.S.
  • tariffs.
  • Strong labor data (jobless claims lowest since 1969) supports a hawkish Fed pivot for September despite growth risks, boosting USD and safe-haven gold.
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XAUUSD price history

4408.90 -4.49% over the displayed period

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