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Gold Falls Below US$4,000 as Traders Assess Inflation, Fed Remarks
Summary by Business Times
7 Articles
7 Articles
Gold Slips Below $4,000 an Ounce as Hot Inflation Locks In Bets on a December Fed Hike
by Carl Fox at CDN Spot gold fell 1.1% to about $3,985 an ounce Wednesday, extending a two-day slide after October's hotter-than-expected inflation report cemented expectations that the Federal Reserve will raise rates next month. Click to read the rest HERE-> Gold Slips Below $4,000 an Ounce as Hot Inflation Locks In Bets on a December Fed Hike first posted at Conservative Daily News
(Dan Tri Newspaper) - Strong selling pressure pushed gold prices below the psychological mark of $4,000 per ounce. Persistent US inflation is causing experts to worry that the precious metal could continue to fall further to the $3,900 region.
Gold fell about 3% on Tuesday.
Coverage Details
Total News Sources7
Leaning Left0Leaning Right2Center0Last Updated100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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