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Market Impact: 0.3
Gold price drops to session lows as U.S. CPI heats up in September
Source: kitco.com
Commodities & Raw MaterialsInflationInterest Rates & YieldsMonetary Policy
Gold fell to session lows and tested critical support after hotter-than-expected U.S. inflation data reinforced expectations of a Federal Reserve rate hike by year-end. Higher expected rates increase the opportunity cost of holding non-yielding gold.
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