FXStreet · 1 min read

Gold bears retain control as Fed hike bets and Oil-driven inflation weigh

Gold bears retain control as Fed hike bets and Oil-driven inflation weigh

Gold (XAU/USD) kicks off the week on a bearish note as Federal Reserve (Fed) interest rate hike concerns dominate market sentiment following the blockbuster US employment report, with energy-driven inflation also in focus as tensions between the United States and Iran continue to simmer.

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