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Gold slides 3% as Fed rate hike bets, rising Treasury yields weigh

Gold (XAU/USD) starts the week under heavy selling pressure, sliding nearly 3% as Oil-driven inflation concerns reinforce expectations that the Federal Reserve

Gold (XAU/USD) starts the week under heavy selling pressure, sliding nearly 3% as Oil-driven inflation concerns reinforce expectations that the Federal Reserve (Fed) could raise interest rates further.

At the time of writing, XAU/USD trades around $4,156, its lowest level since August 5.

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