Gold nudges up from two-month low

Gold prices temporarily fell to their lowest level in two months before recovering slightly, rising by 0.4% to $4,127.40 per ounce as investors await clarifications from the U.S. Federal Reserve regarding the path of interest rate hikes. This followed the impact of a strong dollar and U.S. Treasury bond yields on the market, with the current gold recovery reflecting an attempt to regain some gains after the recent decline.

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