Gold Near Nine-Week Low on Rate Hike Prospects
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.
Original · Bloomberg AI summary of public reporting
Why: Rate hike prospects and inflation concerns weigh on gold
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At publication → CurrentGOLD4,115 → 4,191+1.8%