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Gold Slumps on Fed Rate-Hike Bets as Oil Surges Past $100

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

News Summary

  • Gold hovered near $4,380/oz, facing a third consecutive weekly drop as rising Fed rate-hike expectations lifted the US Dollar and Treasury yields.
  • Hotter PPI data and crude oil topping $100/bbl on US-Iran tensions bolstered inflation concerns ahead of next week's FOMC meeting.
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104.61 +64.07% over the displayed period

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