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Gold Slumps Below $4300 Amid Fed Rate Hike Bets

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USD
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The price of gold has fallen below $4,300 as investors turn their attention to potential interest rate hikes in the US.

The XAU/USD pair, which measures the price of gold against the US dollar, dropped on Wednesday after bets on a Fed rate hike increased yields.

This move comes as markets await the Federal Reserve's decision on monetary policy, with some analysts predicting an increase in interest rates to combat inflation.

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