Spot gold to end three-day losing streak after Fed rate hike

Spot gold is poised to end a three-day losing streak following the Federal Reserve's recent interest rate hike. The Fed's move to increase rates has implications for inflation and gold prices. Traditionally, higher rates can lead to lower gold prices as it increases the opportunity cost of holding non-yielding assets. Investors should note that this change may influence gold's market appeal compared to interest-bearing investments.

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