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Gold grinds higher ahead of key inflation reports
Gold has enjoyed a solid rebound over the past two weeks, adding over 3% as a softer US dollar and falling nominal and real bond yields made for a more palatable environment for broader commodity markets. But with major inflation readings from the Eurozone and United States released during Thursday’s session, gold faces the prospect of significant two-way price risk. Significant data risk looms for gold Stickiness in German and Spanish core inflation readings on Wednesday have traders on alert for similar trends in the Euro area survey, bolstering the risk of the ECB delivering another 25 basis point interest rate ... (full story)