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Muted Reaction To U.S. CPI

GOLD

Hotter than expected U.S. CPI data has failed to push the yellow metal out of its recent range, with spot last dealing ~$5/oz or so higher, a little above $1,810/oz. Ultimately, the spill over from the dip in U.S. real yields was countered by the firming of the broader USD, leaving the well-defined technical picture intact.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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