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Market Impact: 0.3
Gold falls below $4,100, silver plunges 6% as hot CPI boosts Fed-hike bets
Source: kitco.com
InflationInterest Rates & YieldsCommodities & Raw MaterialsCurrency & FXMonetary Policy
Gold and silver prices were sharply lower in late U.S. trading Wednesday after U.S. consumer inflation came in hotter than expected. The inflation data lifted Treasury yields and the dollar, while increasing expectations for further Federal Reserve tightening.
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mildly negative
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