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Gold price weighed down by Fed hawkish comments

Staff Writer | May 17, 2023 | 9:48 am Markets USA Gold 

Gold prices retreated further on Wednesday as the dollar advanced after comments from US Federal Reserve officials cast doubts over interest rate cuts this year. Spot gold was down another 0.3% to $1,981.95 per ounce by 12:40 p.m. EDT, after...

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