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bullion

Gold falls to 2 1/2-year low as dollar extends rise

Gold tumbled to a 2½ year low on Monday as the 10-year Treasury yield climbed to its highest level since 2010, and the dollar advanced to fresh 20-year highs. Price action Gold futures for December delivery GC00, -0.28% GCZ22, -0.28% fell $2.10. or 0.1%, to $1,653.50 per ounce on Comex after trading as low as $1,633.80. Prices for the most-active …

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The Fed will get more hawkish, but cannot cool inflation; Why $5K gold is coming

  The Federal Reserve is expected to turn more hawkish. Markets are pricing in a 75 bps increase at the next FOMC meeting, as opposed to a 50 bps rise. Rob McEwen, Chairman and Chief Owner of McEwen Mining Corp, agrees with the market’s sentiment. However, even with more rate hikes and quantitative tightening, he …

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