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  • GOLD SET FOR WEEKLY LOSS ON FED JITTERS; INDUSTRIAL METALS GAIN

    GOLD SET FOR WEEKLY LOSS ON FED JITTERS; INDUSTRIAL METALS GAIN0

    Gold prices fell on Friday and were set to close the week lower amid fears of more interest rate hikes by the Federal Reserve, while signs of tightening supply helped copper and aluminum prices weather a worsening economic outlook Bullion prices sank well below $1,650 on Thursday – a key support level – after U.S.

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  • GOLD STEADIES ABOVE $1,650 AS SAFE HAVEN APPEAL CREEPS BACK IN

    GOLD STEADIES ABOVE $1,650 AS SAFE HAVEN APPEAL CREEPS BACK IN0

    Gold Prices Steadied Above A Major Support Level On Monday As Growing Risks Of An Economic Recession Spurred Some Safe Haven Demand For The Yellow Metal. Prices also recovered marginally from a bruising September, where they dropped 3%. Bullion prices marked their worst quarter since March 2021 with a 7.5% drop Spot gold rose 0.2%

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  • Gold Steadies Despite Rate Hike Headwinds, Set For Flat Week

    Gold Steadies Despite Rate Hike Headwinds, Set For Flat Week0

    • Gold
    • September 23, 2022

    Gold prices steadied on Friday, and were set to end the week largely unchanged as selling pressure from a hawkish Federal Reserve appeared to have eased. Bullion prices showed surprising resilience this week after the Fed hiked rates and struck a more hawkish tone than many were expecting, with U.S. interest rates now set to

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