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Gold falls further below $2,000 an ounce

Por: MarketWatch Business May 17, 2023

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Shifting expectations about the Federal Reserve’s plans for interest rates as U.S. inflation has slowly declined have had an impact on gold since the beginning of the year, analysts said. “The correction in gold has scope to continue if the odds of another Fed hike next month keep rising or rate-cut bets cool further,” said Marios Hadjikyriacos, senior investment analyst at XM, in emailed commentary shared with MarketWatch. Some recovery... + full article



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