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Gold prices flat, set for weekly fall on hawkish Fed; Spot gold hits $1,776.85 per ounce : comparemela.com
Gold prices flat, set for weekly fall on hawkish Fed; Spot gold hits $1,776.85 per ounce
Although gold is traditionally known as a hedge against inflation and economic uncertainties, higher interest rates tend to dim the bullion's appeal as it increases the opportunity cost of holding the non-yielding metal.
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