Gold prices fluctuate on market reassessment of Fed's interest rate path.
TL;DR Summary
Gold prices fell over 1% due to higher US yields and the dollar, as some investors bet that a pause to the Federal Reserve's rate hike may take longer than previously thought. The correction was due to the markets readjusting expectations of the Fed's rate-hike path. Higher interest rates dim the non-yielding bullion's appeal.
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