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Gold Outlook: XAU/USD hit hard as US yields, dollar resume ascent - FOREX.com

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DW NOTE

The Fed hiked into a supply shock and got away with it. Ten-year yields are up 11.64% in a month, the dollar is rallying, and gold has lost 19% from its January peak — all while the Strait of Hormuz remains closed and oil supply is down 6% globally. Markets are pricing monetary tightening as the binding constraint, not energy scarcity. That works until it doesn't.

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The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu

Gold Outlook: XAU/USD hit hard as US yields, dollar resume ascent - FOREX.com

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