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UGL / Gold futures log biggest weekly loss in over 3 months

Gold futures log biggest weekly loss in over 3 months
Gold futures climbed on Friday, but marked their biggest weekly percentage loss since early February. The precious metal was dragged below the psychologically important $2,000 level this week due to “optimism surrounding a U.S. debt deal, while markets also ramped up bets of a [Federal Reserve interest] rate hike in June,” said Han Tan, chief market analyst at Exinity Group. Read More
Posted: May 19 2023, 14:21
Author Name: Market Watch
Views: 112723

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