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Gold steadied after falling more than 3% on Friday as US Federal Reserve Chairman Kevin Warsh’s pledge to fight inflation lifted bets the US central bank will raise interest rates.
Chronology
Gold Holds Biggest Drop in Over Two Months on Fed Rate-Hike Bets
Gold steadied after falling more than 3% on Friday as US Federal Reserve Chairman Kevin Warsh’s pledge to fight inflation lifted bets the US central bank will raise interest rates.
Reduced historical snapshot.
Earlier on MacroDigest
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- Gold Holds Two-Day Gain on Reduced Rate-Hike Expectations
- Gold Holds Two-Day Gain on Reduced Rate-Hike Expectations
- Gold Holds Two-Day Gain on Reduced Rate-Hike Expectations
- Gold gains on weaker dollar, reduced Fed rate-hike bets
- Gold gains on weaker dollar, reduced Fed rate-hike bets
- Gold, silver rise as softer data cuts Fed-hike odds
- Gold gains on weaker dollar, reduced Fed rate-hike bets
- Gold gains on weaker dollar, reduced Fed rate-hike bets
- Gold Steadies as Traders Weigh Fed Rate Path and Mideast Tension | Stock Market News