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Gold price holds tight range as traders seek direction from US data

Spot gold was up 0.3% at $1,811.95 per ounce by 1208 GMT. U.S. gold futures were 0.2% higher at $1,809.80.

Topics
Gold Prices | US market | Gold trade

Reuters 

By Brijesh Patel (Reuters) - Gold prices were trapped in a tight range as investors awaited U.S. inflation data on Tuesday that could provide more clarity on the Federal Reserve's timeline for policy tightening. Spot gold was up 0.3% at $1,811.95 per ounce by 1208 GMT. U.S. gold futures were 0.2% higher at $1,809.80. "If we get a slightly hotter inflation print today that could exert upward pressure on the U.S. 10-year yields, which in turn could exert downward pressure on gold," said CMC Markets UK's chief market analyst Michael Hewson. [US/] After the ...

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First Published: Tue, July 13 2021. 19:22 IST
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