Gold slips as fresh US-Iran strikes boost oil, Fed rate-hike bets weigh
From brecorder.com
Gold prices eased on Monday as recent US-Iran strikes in the Gulf pushed oil prices higher, while expectations of US Federal Reserve interest rate hikes further weighed on the non-yielding metal. Spot gold was down 0.7% at $4,061.35 per ounce, as of 0242 GMT. US gold futures for August delivery lost 0.5% to $4,076.40.The metal was headed for a fourth consecutive monthly loss of 10.4%. “US and Iran were at it again over the weekend, with fresh military strikes reported from both parties, which casts further doubt over how long oil can stay at these subdued levels and therefore over the broader inflation and interest ...
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