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Gold at 1-mth low, copper steadies ahead of U.S. CPI
Gold prices hovered at one-month lows on Thursday, while copper prices steadied after steep losses as markets hunkered down ahead of key U.S. inflation data due later in the day. The yellow metal was trading down substantially over the past week, having come under pressure from a stronger dollar and rising yields. Worsening risk appetite also pushed traders towards the dollar, as investors bet on that U.S. interest rates will remain higher for longer this year. Spot gold rose 0.1% to $1,916.34 an ounce, while gold futures fell 0.1% to $1,948.85 an ounce by 20:09 ET (00:09 GMT). Both instruments were down about 1.3% ... (full story)