Gold stumbles as US yields eclipse fading October Fed hike bets
Gold price retreats about 0.10% to $4,163 on Friday and is poised for a weekly loss. Traders assessed recent hotter-than-expected US inflation data, which led investors to trim hawkish bets for the October FOMC meeting.
Original · FXStreet AI summary of public reporting
Why: Rising US yields and fading Oct Fed hike bets → gold retreats
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At publication → CurrentGOLD4,167 → 4,170+0.1%