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Market move● Neutral for The Federal Bank
Gold muted as investors weigh chances of further Fed rate hikes
The brief
- Gold prices remained stable as investors weighed possible further Federal Reserve rate hikes
- Falling US Treasury prices pushed yields higher
- Gold-loan lenders, including The Federal Bank, are exposed to changes in bullion prices
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| FEDERALBNK | Thu, 24 Sept | −0.5% | +1.1% | 1.1× | −2.8% · Nifty −1.3% |
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