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Gold heads for weekly drop as Gulf attacks reinforce rate-hike bets

Gold prices held steady early Friday as markets assessed inflation risks. Renewed rate-hike expectations are pushing the non-yielding metal toward a weekly decline. U.S. military infrastructure in Gulf states faced attacks after U.S. strikes on Iran. Markets now price in a higher chance of a September rate hike. Other precious metals also saw slight movements and are on track for weekly losses.

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Economic TimesLean R·2h ago
Gold heads for weekly drop as Gulf attacks reinforce rate-hike bets
Gold prices held steady early Friday as markets assessed inflation risks. Renewed rate-hike expectations are pushing the non-yielding metal toward a weekly decline. U.S. military infrastructure in Gulf states faced attacks after U.S. strikes on Iran. Markets now price in a higher chance of a September rate hike. Other precious metals also saw slight movements and are on track for weekly losses.
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Gold heads for weekly drop as Gulf attacks reinforce rate-hike bets

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Gold heads for weekly drop as Gulf attacks reinforce rate-hike bets

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