Gold falls on firmer dollar, dimming US rate cut hopes - Reuters
Gold falls on firmer dollar, dimming US rate cut hopes Reuters
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"Gold is on the back foot today despite the market tumult, with triple-digit oil prices boosting the dollar on inflation fears and scaled back rate-cutting expectations."
— Tim Waterer , Executive
"Much of gold’s price rise over the last 12 months was predicated on a dovish outlook for US interest rates, but given the inflation risk presented by $100 per barrel oil, rate cuts are no longer a given and gold has repriced accordingly."
— Tim Waterer , Executive
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<a href="https://news.google.com/rss/articles/CBMiqwFBVV95cUxQenhmYmhGQkNtcF9RZGRacDY4Ty1Vc0QtOC0tbWRUTV9PdDJNT3FlSkN3ZmNmNWZ1LUZLeTlZZGN1QkJvbkJqdEtCZkdJSmtLaGhxU0U3UjZER2xOREFuekNfMWFYS1lLcW41MTZ6NEZuakVaTXlwMTlmT2lHX1dqVG9ILVZuVTl4Q25jdTh4dndlSFFFNDRtZmJyYzZLTUxyRXBWZHBaQ0RUamc?oc=5" target="_blank">Gold falls on firmer dollar, dimming US rate cut hopes</a> <font color="#6f6f6f">Reuters</font>
Gold prices declined by 1.5% due to a stronger U.S. dollar and rising energy costs, which dampened expectations for near-term interest rate cuts.
Gold prices fell as a firmer U.S. dollar and higher oil prices renewed inflation concerns, reducing hopes for near-term interest rate cuts.
Gold prices fell over 1.5% to $5,090 as a surge in oil prices lifted the U.S. dollar, making gold more expensive for holders of other currencies.
Gold prices remained subdued as surging oil prices heightened inflationary risks, reducing the likelihood of Federal Reserve interest rate cuts.
Gold prices dipped as a stronger dollar and higher oil prices renewed inflation concerns, dampening expectations for imminent interest rate cuts.
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