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Market move● Neutral for Indian equities
Gold's lustre dims as Treasury yields surge, markets bet on higher Fed rates
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- US Market: Fed's Hammack warns against inflation becoming entrenched in economy
Precious metals slide on US rate-hike fears
Gold fell more than 1% amid bets on US rate hikes. Gold and silver ETFs later tumbled by up to 3.6% as precious metals slid on fears of Federal Reserve rate hikes.
Monday, 28 September
- Gold's lustre dims as Treasury yields surge, markets bet on higher Fed rates