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Gold Hit by Oil and the Fed

Reported · Written up by our desk · Major Pairs

Rising oil prices from geopolitical tensions are raising inflation expectations and strengthening the case for tighter Fed policy, which in turn weakens support for gold as a safe-haven asset. Higher energy prices directly increase inflation expectations, prompting markets to price in a longer period of high interest rates. This increases the opportunity cost of holding […] The post Gold Hit by Oil and the Fed appeared first on ActionForex .

Latest closeGold $4,156.50 ▼0.1%

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