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Gold falls to two-month low as war-driven inflation fuels rate-hike bets

From cnbc.com

Gold prices fell to nearly a two-month low on Wednesday, pressured by expectations ​of tighter monetary policy to fend ​off rising inflation, ​with no clear end in sight to the war in Iran. Spot gold was down 1.3% at $4,450.09 an ounce after falling to its lowest level since March ⁠30 earlier in the session. U.S. gold futures for June ⁠delivery fell 1.2% to $4,448.90. “The biggest influence continues to be the Middle East. There was some lingering optimism, but as this continues to drag out, that optimism wanes,” said Peter Grant, vice president and senior metals strategist at Zaner Metals, adding that the ... (full story)

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  • Category: Fundamental Analysis