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Traders Price In December Fed Rate Hike as Bitcoin and Gold Retreat

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Financial markets are now pricing in a Federal Reserve interest rate hike for December, ahead of upcoming U.S. inflation data. Bitcoin and gold both declined as investors reassessed the rate outlook. Oil prices also fell as tensions involving Iran eased. The source article provides limited further detail, so the broader drivers and magnitude of the moves are not fully specified.

Read the full story at CoinDesk

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