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Gold prices edge lower ahead of US inflation print
Gold prices eased on Tuesday, pressured by a firmer dollar, while traders braced for key U.S. inflation figures that could offer hints about the size of the Federal Reserve’s interest rate reduction next week. Spot gold dipped 0.1% to 2,503.09 per ounce, as of 0301 GMT. U.S. gold futures remained steady at $2,532.20. The dollar hit a 1-week high, making gold more expensive for other currency holders. Market attention will turn towards U.S. Consumer Price Index (CPI) data on Wednesday and the Producer Price Index (PPI) reading on Thursday. The headline CPI is expected to have risen 0.2% on a month-on-month basis in ... (full story)