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Gold Heads for Weekly Fall as Hormuz Strikes Raise Fed-Hike Bets
Gold is expected to have its largest weekly loss since early June due to renewed hostilities in the Middle East. The situation increases the likelihood of the US Federal Reserve raising interest rates to control inflation.
Related Signal
Adjacent reporting
- Gold Holds Decline on Renewed Hormuz Blockade and Hawkish Fed
- Gold Drops Below $4,000 as Fed Rate Hike Bets Surge
- Fed governor warns of possible interest-rate hikes if inflation comes in hot this week
- Gold Heads for Weekly Drop as Inflation Fuels Rate-Hike Bets
- Gold Steadies as Soft Inflation, War Risk Cloud Fed Rate Outlook
- Bitcoin and gold fall together as a rate-hike bet hits every hedge