Gold rebounds from recent low as Fed hike bets weigh

Gold prices rose one percent to recover from a seven-week low. Federal Reserve rate hike expectations and rising Treasury yields limited further gains. Investors now await key inflation and employment data.

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A view of smelted gold bars at a smelting facility in Accra, Ghana, August 22, 2024. REUTERS/Francis Kokoroko/

Gold rose 1% on Tuesday, recovering from a seven-week low hit during the previous session, though gains remained capped by mounting rate hike bets in the United States.

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