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Gold climbs as stalling inflation and weak spending fuel December Fed cut bets
Gold (XAU/USD) climbs over 0.14% on Tuesday after US economic data augmented speculation of a rate cut by the Federal Reserve (Fed) at the December 9-10 meeting. Also, falling US Treasury yields and a weaker US Dollar keep XAU/USD trading at $4,141 after hitting a daily low of $4,109. US inflation and Retail Sales have shown that rising prices seem to have stalled, while households reduced their consumption in September, two months ahead of the Christmas season. In addition to this, the Conference Board (CB) Consumer Confidence dipped in November as Americans remain uncertain about jobs, incomes and their financial ... (full story)