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Top3 min read
TopOngoing4 days ago

Gold Falls to $4,310 as $108 Oil Fuels Bets on First Fed Hike in Three Years

Saudi pipeline shutdown pushes Brent near $108, lifting US rate-hike odds to ~90% and dragging bullion below $4,320 as dollar firms β€” but strategists see two-sided risk into Fed week.

Why it matters

Higher oil lifts sticky inflation risks, forcing traders to price the Fed's first hike in three years and pushing real yields and the dollar higher against non-yielding gold.