Market anticipates rate hikes gold dips
Gold prices today, Friday, are on track for a weekly loss of 3.2%, impacted by inflation concerns and the possibility of a US interest rate hike, following its decline to the lowest level in over six months. At the same time, gold futures rose by 2.4%, amid market anticipation regarding potential Federal Reserve decisions and the impact of geopolitical tensions with Iran. The price of this precious metal is affected by political and economic events, with a 60% probability of interest rate hikes in December.
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