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Gold extends losses as rising Oil prices reinforce Fed rate hike bets

Reported · Written up by our desk · Major Pairs

Gold (XAU/USD) drifts lower on Tuesday as rising Oil prices linked to tensions in the Middle East keep global inflation risks tilted to the upside, reinforcing expectations that interest rates will remain higher for longer.

Latest closeGold $4,157.80 ▲0.4%

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Sources

FXStreetGold extends losses as rising Oil prices reinforce Fed rate hike bets

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