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Gold held a decline as increasing disruptions to oil flows from the Middle East reinforced expectations the Fed will raise interest rates as soon as this week.

Tom Lee: Core PCE could fall by 100 basis points without a rate hike

Potential Fed rate hikes starting this week could spur a correction in the S&P 500 as reduced corporate margins hurt profit outlooks and markets brace for a tightening cycle, according to Macro Risk Advisors.

Gold falls below $4,300 as higher US yields bolster Fed rate hike bets