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via thehindubusinessline.comMarkets

Gold heads for steep weekly loss as oil prices fuel Fed rate concerns

FROM THE WIRE · THEHINDUBUSINESSLINE.COM

Gold weakens on oil surge, fueling rate-hike fears; metals set for weekly declines ahead of Fed meeting and PCE data.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishHigher oil fuels rate-hike expectations, which weigh on precious metals.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Gold weakens as oil surges.
  2. 02Metals are set for weekly declines ahead of the Fed meeting and PCE data.
  3. 03Rate-hike fears weigh on gold.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
GoldCOMMODITY:GOLDCommodity4,029.50 USD+0.20%today -0.76%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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