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Gold Steady as Softer Inflation Data Tempers Fed Rate-Hike Bets
Source: Bloomberg
Commodities & Raw MaterialsInterest Rates & YieldsInflationMonetary PolicyEnergy Markets & Prices
Gold began the month broadly unchanged as softer inflation data reduced market expectations of a Federal Reserve rate increase at its next meeting. However, elevated bond yields continue to pressure non-yielding bullion and leave gold vulnerable to renewed selling.
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