PRECIOUS METALS | Gold Heads for Third Weekly Loss as Hawkish Fed Outweighs US-Iran Peace Deal
2026-06-19 00:17:59
Gold was on track for a third weekly loss as a hawkish Federal Reserve and rate-hike bets outweighed the signing of an interim peace deal between the US and Iran. In a brief update, according to Bloomberg, the Fed-driven outlook for higher rates was seen as the dominant factor for bullion.
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