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Gold Holds Decline as Mideast Flare-Up Raises Fed Rate-Hike Bets

1 source ·1 article ·1h ago

Gold steadied after a two-day drop as the US and Iran exchanged strikes for the first time in a month, raising the odds of rising energy costs pushing up inflation and pressuring the Federal Reserve to lift interest rates.

Covered by 1 outlet

Bloomberg 1

All coverage · 1 article

Bloomberg Markets ·1h ago

Gold Holds Decline as Mideast Flare-Up Raises Fed Rate-Hike Bets

Gold steadied after a two-day drop as the US and Iran exchanged strikes for the first time in a month, raising the odds of rising energy costs pushing up inflation and pressuring the Federal Reserve to lift interest rates.