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US CPI came in at consensus, averting a scare that the number would turn out higher. Retails sales came in significantly weaker than expected, bringing down yields. There is a viable narrative of macro slowdown, but the inflation data remain too hot still. Market yields remain vulnerable to retracement higher until a material taming in inflation is shown. ...
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video Buyers stepped up on Wednesday to help push the price of gold to a new trend high of 2,390. A bullish breakout triggered on the weekly chart on a move above last week’s high of 2,378. At the time of this writing the high of the day is 2,390. Today’s advance took gold back above a top channel line, which has been tested as resistance several times in ...