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The price of the yellow metal has fallen from its high as US Dollar’s recovery driven by elevated US core PCE inflation data, putting pressure on the value of gold. The annual underlying inflation data rose at a higher pace of 2.7% from the estimates of 2.6% but decelerated from 2.8% recorded in February. Stronger-than-expected figures dampen Gold’s allure ...
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At the end of last week's trading sessions, gold futures managed to capture some gains as financial markets shrugged off the latest inflation data. Despite widespread expectations that the US Federal Reserve would keep interest rates high for longer, stocks formed a reflection of the selling pressure witnessed on Thursday. Now, the question arises: Is gold ...