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Gold Drops 1% to $4,590 as US Inflation Boosts Dollar, Treasury Yields
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Gold prices extended their losses on Wednesday after U.S. inflation data was largely in line with expectations, raising bets on…More...
·Greece
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Gold drops 1% to $4,590 as US inflation boosts dollar, Treasury yields
Rising US inflation and Treasury yields may continue to pressure gold prices, affecting its appeal as a safe-haven asset and investment strategy. The post Gold drops 1% to $4,590 as US inflation boosts dollar, Treasury yields appeared first on Crypto Briefing.
Gold prices spread their losses on Wednesday after U.S. inflation data matched expectations, increasing bets on a Federal Reserve interest rate hike in September, while investors expected President Kevin Warsh's statements this week.
·Mexico City, Mexico
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Metal for December closed down by 0.88%
·São Paulo, Brazil
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