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Hawkish Federal Reserve commentary spurred expectations for near-term interest rate hikes, driving gold prices and mining equities lower. Newmont dropped 2.6% in pre-market trading, while broader ind…
Gold prices dropped below $4,500 per ounce due to rising bond yields and increased expectations of a Federal Reserve rate hike. Hawkish commentary and rising oil prices have dampened investor appetit…
Gold prices tumbled over 3% following hawkish remarks from Fed Chair Kevin Warsh, which boosted real yields and sparked rate hike bets. The surge in Treasury yields and the dollar interrupted strong …