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Gold slips below $4,600 as yields, dollar firm after PCE
Source: kitco.com
InflationInterest Rates & YieldsCurrency & FXMarket Technicals & FlowsCorporate Earnings
Spot gold and silver are down in late U.S. trade after hotter-than-expected PCE inflation pushed Treasury yields higher, strengthened the dollar, and triggered profit-taking in precious metals. The move also reflects positioning ahead of Nvidia’s earnings and Friday’s Jackson Hole speech, adding near-term volatility risk for metals.
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