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via economictimes.indiatimes.comMarkets

Gold lingers near three-month low ahead of Fed policy meeting

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Gold prices dipped close to a three-month low, reflecting worries from investors as the Federal Reserve meeting approaches. While an interest rate hike appears more likely for December, this weeks chances remain low. In the oil market, prices fell back after a prior rise, amid…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishGold stays weak as markets weigh a possible rate hike in December.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Gold prices dipped close to a three-month low ahead of the Fed meeting.
  2. 02An interest rate hike appears more likely for December, though chances this week are low.
  3. 03Oil prices fell back after a prior rise amid ongoing supply worries linked to conflicts.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
GoldCOMMODITY:GOLDCommodity4,022.30 USD+0.41%today +0.36%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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