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Gold Slumps as Hawkish Fed Minutes Signal Potential Rate Hikes

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

News Summary

  • Gold fell in Asian trade after Fed minutes revealed broader support for interest rate increases among officials.
  • Higher rates typically pressure non-yielding assets like gold, though some economists expect the Fed to remain on hold long-term.
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XAUUSD price history

4408.90 -4.49% over the displayed period

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