Gold Rises as Oil Retreats After Fed Rate Hike
Gold extended its recovery as cheaper oil eased inflation fears, while investors assessed the Federal Reserve’s first rate hike since 2023.
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Gold extended its recovery as cheaper oil eased inflation fears, while investors assessed the Federal Reserve’s first rate hike since 2023.
Oil and Treasury yields rose as the US-Iran ceasefire expired, reviving concerns about supply disruption, inflation and stock valuations.
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