Daily Market Updates: Gold faces weekly rout as high US yields fuel Fed rate hike bets

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Gold faces weekly rout as high US yields fuel Fed rate hike bets

Reported · FXStreet source summary · Central Banks

Gold (XAU/USD) is poised to finish the week with losses of nearly 4.50%, yet it is up 0.14% on Friday as the US Dollar (USD) caps its advance, following a hot US inflation report on the producer side. At the time of writing, XAU/USD trades at $3,879, near 13-month lows.

Latest closeGold $3,885.30 ▼2.9%

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FXStreetGold faces weekly rout as high US yields fuel Fed rate hike bets

Bonds & Rates

Gold faces weekly rout as high US yields fuel Fed rate hike bets

More like this

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