Gold inches higher, focus on Fed minutes - Reuters
Source: Reuters
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DW NOTE
The Fed held rates steady all year while inflation stayed above target and oil trades at $84 after touching $100 in July. The minutes will explain what, exactly, they were waiting for — and whether closing the Strait of Hormuz counted as sufficient signal.
For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor
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