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Spot Gold Erases Gains as Fed Sees Chance of Earlier Rate Hikes

Bloomberg business news
Fed Minutes Signal Possible Faster Rate Increases
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Gold erased gains after Federal Reserve officials said a strengthening economy and rising inflation could spur faster interest-rate increases.

Officials flagged the view in minutes of the Dec. 14-15 meeting of the U.S. central bank’s policy-setting Federal Open Market Committee, published Wednesday.