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Gold declines to near $4,000 as inflation concerns reinforce higher-rate outlook
Gold price (XAU/USD) declines to around $4,015 during the early Asian session on Tuesday. The precious metal extends its downside as inflationary pressure raised expectations that central banks would keep interest rates higher for longer. CNBC reported on Monday that the United States and Iran are set to hold fresh talks on Tuesday in Doha, Qatar, following a weekend of hostilities in the Middle East. However, uncertainty remain high and there was no response from Iran’s Ministry of Foreign Affairs. “The market is attuned to Middle East headlines, (with) some uptick in tensions over the weekend and still ... (full story)
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