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Gold Holds Gain Ahead of U.S. CPI With Taper Timeline in Focus
Gold held an advance as investors waited for U.S. inflation data that may affect when the Federal Reserve will start reducing stimulus. Consumer price index data due later Tuesday are expected to show an annual pace of inflation of 5% or more for a fourth month. This follows a report last week which showed the producer price index for final demand rose to a fresh series high as persistent supply chain disruptions pushed costs higher. Bullion is trading below $1,800 an ounce as traders weigh risks from the delta virus variant and elevated inflation. If consumer prices come in hotter-than-expected, expectations for ... (full story)