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"Santa rally" in gold ends with US data

Shares in North American precious metals miners retreated on December 22 as a “Santa rally” in the gold price was punctured by fresh US economic data that highlighted the US Federal Reserve may inflict more interest rate hikes next year to tame inflation despite worries of a recession.

"Santa rally" in gold ends with US data "Santa rally" in gold ends with US data "Santa rally" in gold ends with US data "Santa rally" in gold ends with US data "Santa rally" in gold ends with US data

"Santa rally" in gold stalled

Gold has gained around $200 an oz after it fell to more than a two-year low in September this year on investor expectations that interest rate increases by the US Federal Reserve will moderate.