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Gold Slips From Record Levels After Hot US Inflation Data

Thursday, 11 April 2024 03:47 WIB GOLD EMAS

Gold prices slipped from record-high levels on Wednesday as the U.S. dollar and Treasury yields firmed after a stronger-than-expected inflation print softened expectations of an early U.S. rate cut. Spot gold fell 0.7% to $2,335.99 per ounce, as of 2:25 p.m. ET (1825 GMT). U.S. gold futures settled 0.6% lower at $2,348.4. The U.S. dollar index rose 1% and U.S. Treasury yields spiked after the data, making non-yielding bullion less attractive. A Labor Department report showed the Consumer Price Index (CPI) rose 0.4% on a monthly basis in March, compared with the 0.3% increase expected by economists polled by Reuters. "Strong employment and elevated CPI are interfering with the Fed's...

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Gold prices held steady on Wednesday near a record high hit in the previous session as a favourable mix of emerging inflationary risks and ongoing geopolitical tensions underpinned the safe-haven metal. Spot gold was little changed at $2,355.29...

The dollar consolidated on Wednesday ahead of a key inflation report later in the day, while the yen remained a whisker away from what markets believe to be the line in the sand for Japanese authorities to intervene. The kiwi, meanwhile, briefly...

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Oil prices ticked up slightly on Monday following the widely expected extension of voluntary output cuts by the OPEC+ producer group on Sunday. Brent futures climbed 14 cents to $83.69 a barrel at

    Precious Metals

    Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $28.37 per troy ounce, down 1.74% from the $28.87 it cost on Monday. Silver prices have increased by 11.39%

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