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Fed's Warsh Hints at Rate Hikes; Dollar Surges, Gold Dips

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

News Summary

  • Federal Reserve Chair Kevin Warsh signaled potential interest rate hikes to combat inflation, causing short-term Treasury yields to rise and the US dollar to strengthen.
  • Markets are pricing in a higher chance of a rate increase, although analysts express some skepticism about the timing and commitment.
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XAUUSD price history

4408.90 -4.49% over the displayed period

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