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The Economic Times
The Economic Times
Business

Gold slips as fading US-Iran peace prospects reinforce Fed rate-hike bets

Gold United States Iran Beth Hammack Inflation US Federal Reserve Monetary Policy

Gold prices extended losses on Wednesday after falling to a seven-month low in the previous session, as fading prospects of a permanent U.S.-Iran peace deal heightened inflation concerns and bolstered expectations of Federal Reserve rate hikes.

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