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Losing the shine - Gold suffers weekly loss as Fed rate hike expectations build

Spot gold down over 2% during the week as Fed officials see further rate hikes to curb high inflation / US-Iran negotiators discuss phased path to end war.

The Star MalaysiaPablo Sinha查看原文 ↗
失去光泽——随着美联储加息预期升温,黄金价格本周下跌

SOUTH-EAST ASIA (Reuters): Gold was on track for a weekly loss on Friday, as rising US Treasury yields and growing expectations of Federal Reserve rate hikes weighed on the metal.

Spot gold inched up 0.3% to $4,291.06 per ounce by 0844 GMT, but was down about 2% so far this week. US gold futures rose 0.7% to $4,326.60.

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