Gold Near Nine-Week Low on Prospects for Rate Hike by Year-End

Gold Near Nine-Week Low on Prospects for Rate Hike by Year-End

Gold traded near a nine-week low as fresh tensions in the Strait of Hormuz heightened war-driven inflation concerns and investors weighed prospects for at least one more US rate hike this year.

Gold traded near a nine-week low as fresh tensions in the Strait of Hormuz heightened war-driven inflation concerns and investors weighed prospects for at least one more US rate hike this year.
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Bloomberg — Markets (EN)




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