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low economyVERIFIED

Gold prices rise to $4,055.73 after sharp losses as Fed rate hike expectations weigh

Verified: 2 outlets in 2 countries have reported this story since Nov 11.

📍 United States, US·🕐 17h ago·2 outlets

Gold prices edged higher on Wednesday after falling nearly 3 percent in the previous session, although gains remained limited as stronger-than-expected U.S. inflation data reinforced expectations of an interest rate increase by the Federal Reserve next month. As of 5:23 GMT, spot gold rose 0.57 percent to $4,055.73 per ounce, recovering slightly after dropping nearly…

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✓ Verified · 2 outlets

Two or more outlets reported this story and its reliability score reached 65%, so WorldPulse marks it verified. That means more than one outlet says so, not that it is proven true.

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The story so far · 2 reports · · 2 countries✓ Verified Nov 11, 11:36 PM UTC
  1. Nov 11, 6:56 AM UTCFirst report· you’re reading this
    Gold prices rise to $4,055.73 after sharp losses as Fed rate hike expectations weigheconomymiddleeast.com ↗
  2. Nov 11, 11:36 PM UTC+17 h
    Bitcoin subdued, hovers under $74k as rise in Fed rate hike expectations weighinvesting.com ↗
  3. Verified: a second independent outlet reported itNov 11, 11:36 PM UTC · +17 h
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Reliability
79%

High · How we score this

Risk Score
low risk