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Gold Holds Five-Day Gain As Oil Drop Eases Inflation Concerns
Lower energy prices are also likely to benefit gold by reducing pressure on the Federal Reserve to hike interest rates.
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Markets · 2 sources covering this
Gold Holds Five-Day Gain as Oil Drop Eases Inflation Concerns
Gold held a five-day gain, with inflation concerns eased by a drop in US Treasury yields and lower oil prices as Iran and Oman discussed ways to reopen the Strait of Hormuz.
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