Gold price consolidated below $5,000 on Wednesday after hotter-than-expected U.S. inflation data unsettled financial markets. Investors reacted cautiously as fresh Producer Price Index figures signaled persistent price pressures. The stronger data reduced expectations for near-term rate cuts and lifted the U.S. dollar, weighing on precious metals and other risk-sensitive assets.
Gold Price Crashed After U.S. Core PPI Came In Higher Than Expected.
By:CryptoNewsNet
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Gold Price Crashed After U.S. Core PPI Came In Higher Than Expected.
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