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Market Impact: 0.3
Gold price holds $4,300 support as CPI lifts Fed-hike odds
Source: kitco.com
Commodities & Raw MaterialsEnergy Markets & PricesCurrency & FXMonetary PolicyInterest Rates & YieldsInflation
Spot gold and silver rose in late U.S. trading after Thursday's inflation-driven selloff, aided by weaker crude oil prices and a softer U.S. dollar. The recovery occurred despite markets increasing the implied probability of a Federal Reserve rate hike at the following week's meeting, a continuing headwind for non-yielding precious metals.
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