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Gold Settles Higher as November Inflation Data Meet Expectations And The Dollar Takes a Dip


Thursday, 13 December 2018 02:12 WIB

GOLDEMAS


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Gold futures settled higher on Wednesday, scoring their first gain in three sessions after data showed U.S. inflation remained flat in November and the dollar took a dip after strengthening over the last two sessions.

Gold for February delivery on Comex rose $2.80, or 0.2%, to settle at $1,250 an ounce, while March silver added 22.3 cents, or 1.5%, to $14.851 an ounce.

The consumer-price index was unchanged in November, matching the forecast of economists polled by MarketWatch. Core CPI, which strips out volatile food and energy costs, rose 0.2%, also in line with expectations.

Source : Marketwatch


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