Gold Faces Downward Pressure as Stubbornly High Oil Prices Fuel Aggressive Federal Reserve Rate Hike Expectations

Gold is currently on track to record its fourth consecutive session of losses, slipping toward the lower boundary of its established four-week trading range. This downward momentum persists despite a backdrop that traditionally favors precious metals, characterized by a softening US dollar and declining Treasury yields. Under standard market dynamics, a weaker dollar combined with…

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