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Gold prices rise amid weakening US dollar, falling oil prices - Anadolu Ajansı

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DW NOTE

The Fed hiked into a supply shock yesterday — 25 basis points to 3.75%-4% — while oil trades at $102 despite the Strait of Hormuz sitting closed since February. Gold rallies not because the dollar is weak, but because raising rates into a 6% oil supply deficit is the monetary equivalent of stepping on the brake and accelerator simultaneously.

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Gold prices rise amid weakening US dollar, falling oil prices - Anadolu Ajansı

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