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Market Impact: 0.3
Gold rises as softer PCE cools October Fed hike odds
Source: kitco.com
Commodities & Raw MaterialsInflationMonetary PolicyInterest Rates & YieldsCurrency & FXEconomic Data
Spot gold rose modestly in early U.S. trading after softer U.S. inflation data reduced immediate Federal Reserve tightening pressure, while spot silver edged lower. Elevated Treasury yields and a firm U.S. dollar limited gold's rebound, leaving precious-metals market direction constrained by competing macro forces.
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