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Gold hits one-week low as hawkish Fed outlook drives yields to multi-year highs

Gold (XAU/USD) slides to a one-week low on Thursday as rising US Treasury yields and a stronger US Dollar (USD) reflect an increasingly hawkish Federal Reserve

Gold (XAU/USD) slides to a one-week low on Thursday as rising US Treasury yields and a stronger US Dollar (USD) reflect an increasingly hawkish Federal Reserve (Fed) outlook.

At the time of writing, XAU/USD trades around $4,250, down nearly 0.85% on the day.

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