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via gurufocus.comMarkets

Gold rises as expectations of a Fed rate hike ease

FROM THE WIRE · GURUFOCUS.COM

Gold prices increased as traders adjusted their expectations for an interest rate hike by the Federal Reserve. As of October 19, spot gold rose by 0.4% to $4,18

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishLower rate hike expectations support gold and weigh on the dollar.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01As of October 19, spot gold rose 0.4%.
  2. 02Traders adjusted their expectations for a Federal Reserve rate hike.
  3. 03Spot gold is trading around $4,18 per ounce.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
GoldCOMMODITY:GOLDCommodity4,188.70 USD-0.09%today +0.18%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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