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S7/10Economic

Gold slips as US-Iran tensions lift oil, US rate-hike bets weigh

Gold prices dipped as escalating U. S. -Iran tensions fueled oil prices, while anticipated U. S.

Federal Reserve interest rate hikes added further pressure. Despite a brief missile exchange, both nations reportedly agreed to de-escalate and resume talks.

Meanwhile, Indian gold demand saw a premium emerge, contrasting with subdued activity in China. Other precious metals experienced mixed movements.

Source: Economic TimesOriginal source

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