Gold Steadies Near $4,400 as Traders Weigh Fed Rate-Hike Path - Bloomberg.com
Source: Bloomberg.com
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DW NOTE
Gold at $4,400 is down 16% from its January high of $5,318. The Fed is considering hikes, not cuts. Traders are pricing a 58% chance of a September increase to 3.75–4%. If that materially weakens demand for a non-yielding asset, the stabilisation won't last.
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