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Gold, silver and bitcoin fall as traders up Fed rate hike bets
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- Precious metals were among the assets firmly in negative territory on Wednesday, as fears about inflation and the Federal Reserve's interest rate path weighed on investor sentiment.
- ET, spot gold was down 2.4% to trade at around $ 4,161.63 an ounce.
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Precious metals were among the assets firmly in negative territory on Wednesday, as fears about inflation and the Federal Reserve's interest rate path weighed on investor sentiment.
By 7:05 a.m. ET, spot gold was down 2.4% to trade at around $ 4,161.63 an ounce. U.S. gold futures also fell 2.2% to settle at $ 4,194.90/oz.
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