Gold Edges Higher as Treasuries Stabilize After Sharp Selloff
Gold prices are trading near a seven-week low as energy costs remain elevated due to U.S.-Iran tensions, maintaining pressure on the Federal Reserve regarding interest rates.
Gold edged higher after touching a more than seven-week low on Monday as a selloff of US Treasuries stabilized, even as expectations remained high the Federal Reserve will keep tightening policy to rein in inflation.
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