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Australian bond yields reach 15-year high
Gold prices declined as investors awaited U.S. employment data, while oil prices rose supported by escalating clashes between the United States and Iran. Australian bond yields reached their highest level in 15 years amid expectations that the U.S. Federal Reserve will take action regarding interest rates. Trump reaffirmed that the Federal Reserve will take the necessary steps concerning interest rates, alongside discussions about the global debt crisis and the need to boost economic growth—particularly in India, which experienced a 7.8% growth driven by investment and manufacturing.
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