Gold hits seven-week low as oil surge fuels rate-hike bets
The Straits Times reports spot gold was down 3.8% at US$4,121.58 per ounce, after falling as low as US$4,110.55—its lowest level since August 5.
TLDR
The Straits Times reports gold hit a seven-week low as surging oil fueled bets on interest-rate hikes. Spot gold was down 3.8% at US$4,121.58 per ounce after falling as low as US$4,110.55.
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