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Gold prices set for first weekly rise in a month as investors scale back Fed rate hike bets
Gold prices are expected to rise for the first week in a month as investors reduce their expectations of an upcoming Federal Reserve rate hike. The metal's increase is linked to scaled-back bets on a looming rate hike.
Related Signal
Adjacent reporting
- Gold, silver and bitcoin fall as traders up Fed rate hike bets
- Gold Heads for Weekly Drop as Inflation Fuels Rate-Hike Bets
- Markets are pricing in a rate hike by the European Central Bank — which one top economist sees as a ‘mistake in the making’
- Gold Holds Decline as Rising US Inflation Raises Rate-Hike Bets
- Gold Holds Gain After Warsh Remarks Ease Fed Rate-Hike Prospects