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Gold price rebounds above $4,340 as lower oil eases rate pressure - Kitco PM Report - kitco.com

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DW NOTE

Gold climbing on falling oil prices is a neat parlour trick when oil is falling because the Strait of Hormuz is still closed and global supply is down 6%. The Fed just raised rates for the first time in three years with headline inflation at 3.4% and the 10-year at 5%. None of this is easing.

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Gold price rebounds above $4,340 as lower oil eases rate pressure - Kitco PM Report - kitco.com

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Gold price shoots to session high $4,048/oz after Consumer Confidence rises to 91.7 - Kitco