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Markets

Gold drops over 1% as hot US inflation data boosts Fed hike bets

viaeconomictimes.indiatimes.com14 Oct
Gold drops over 1% as hot US inflation data boosts Fed hike bets
US consumer prices increased in September, contributing to expectations of an interest rate hike by the Federal Reserve. Following this inflation data, gold prices fell over 1% for the third consecutive session. The US dollar index also climbed, making gold more expensive for foreign investors.…

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