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Gold bullion demand higher for fourth month in a row
The gold price performance in November was a tale of two halves - before and after the mid-month release of October’s CPI report. Prior to its release, gold drifted lower, trading down near USD 1,936 an ounce at one stage. Post release of the data, which showed annual core inflation in the US easing to 4% (the smallest gain since September 2021), gold began moving higher. With expectations rising that the Federal Reserve was done raising interest rates, gold consolidated its gains following the release of the latest FOMC minutes. Containing comments that were interpreted as positive for gold, prices broke through ... (full story)