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Gold Prices Slip as Dollar Strengthens and Fed Rate Hike Bets Rise

Gold Prices Slip as Dollar Strengthens and Fed Rate Hike Bets Rise
Leeloo The First · pexels

Gold prices have recently dipped, a move influenced by a strengthening U.S. dollar and growing bets on additional Federal Reserve interest rate hikes. The dollar's ascent, often inversely correlated with gold's appeal as a safe-haven asset, is a key factor.…