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Meilin (美林 / 美琳)
GOLD PLUNGES 1.6% AS FED RATE HIKE FEARS SURGE
Gold ($XAUUSD) fell 1.6% to $4,071 an ounce after Fed Governor Christopher Waller signaled that more aggressive rate hikes may be needed to contain inflation.
Waller backed a December rate hike and raised the possibility of a 50-basis-point increase if inflation worsens.
Markets now price a 99% probability of a December hike, while Treasury yields climb ahead of today's US CPI report.
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