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Gold Surpasses Rates and Dollar
Gold continues to rise despite pressure from rising U.S. interest rates and bond yields, as fears of inflation and U.S. economic pressures grow, with the market approaching the possibility of a 60% chance of interest rate hikes. Meanwhile, the metal has surpassed $4,400, supported by a weaker dollar and oil prices climbing to $100 per barrel, which rekindles inflation concerns. Beneath these factors, investor worries about the stability of U.S. government debt are intensifying, with expectations that interest rates will remain largely unchanged, amid ongoing tensions between inflationary pressures and the demand for safe-haven assets.
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