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MARKETS-ECONOMIC TIMES · INDIAN ·

Gold slips as oil gains strengthen case for elevated interest rates

As reported by Markets-Economic Times
Gold experienced a decline on Tuesday, influenced by a rise in crude oil prices. Compounding this drop were growing fears over inflation and upcoming Federal Reserve interest rate changes. With a key policy decision expected on Wednesday, benchmark Treasury yields hitting five percent exerted additional pressure on U.S. equities, while other precious metals, including silver and platinum, faced similar downturns.
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