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Commodities

Gold Bounces Back Amid Dollar Strength, Interest Rate Hopes

Guavy AI Editorial Team
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Gold
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Gold prices have recovered slightly on Friday after a week of declines, but remain under pressure from a stronger US dollar and rising Treasury yields.

The precious metal has been trading near $4,280 per ounce as investors reassess the outlook for US interest rates following hawkish comments from Federal Reserve officials.

Expectations that interest rates may stay high for longer have weighed on demand for non-yielding assets like gold, while supporting the dollar and US government bonds.

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