Gold Trades Near Seven-Week Low as Rate-Hike Pressure Mounts

Gold Trades Near Seven-Week Low as Rate-Hike Pressure Mounts

Gold held a sharp decline as the deadlock between the US and Iran over the Strait of Hormuz continued to keep energy costs elevated and maintained pressure on the Federal Reserve to hike interest rates.

Gold held a sharp decline as the deadlock between the US and Iran over the Strait of Hormuz continued to keep energy costs elevated and maintained pressure on the Federal Reserve to hike interest rates.
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Bloomberg — Markets (EN)




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