Gold traded near a nine-week low as fresh tensions in the Strait of Hormuz heightened war-driven inflation concerns and investors weighed prospects for at least one more US rate hike this year.
Gold Near Nine-Week Low on Prospects for Rate Hike by Year-End
Gold traded near a nine-week low as fresh tensions in the Strait of Hormuz heightened war-driven inflation concerns and investors weighed prospects for at least one more US rate hike this year.
This article was originally published by
Bloomberg Markets
and is republished here under license.
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