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Tag: U.S. West Texas

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Gold declines below $2,000/oz as the market looks for Fed rate rise hints

Mahalakshmi@fastura.com2 years ago03 mins

Pressured by a stronger dollar and higher Treasury yields, gold reversed direction and fell below the important $2,000 per ounce threshold as investors searched for clues as to whether the market will witness a “one and done” rate hike by the U.S. Federal Reserve in May. After climbing as high as 0.6 percent earlier in…

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