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Headline : Gold prices muted amid uncertainty over interest rates

Read more from the original article on here at ng.investing.com.





Tags : #gold #prices #muted #amid #uncertainty #over #interest #rates



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Investing.com-- Gold prices rose marginally in Asian trade on Wednesday, seeing little support from safe haven demand as recent comments from Federal Reserve officials saw markets second-guess expectations for interest rate cuts.ย 

The yellow metal saw some safe haven demand this week as a conflict between Israel and Hamas worsened and ceasefire talks yielded little progress.ย 

But safe haven buying was offset by pressure from renewed fears of high U.S. interest rates, as well as a rebound in the dollar.

Spot gold rose 0.2% to $2,317.70 an ounce, while gold futures expiring in June steadied at $2,325.40 an ounce by 00:12 ET (04:12 GMT). Spot prices remained more than $100 below a record high hit in late-April.

Read more from the original article on here at ng.investing.com.


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