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Gold hands it back as reality dawns

The other notable reaction across the markets to the US CPI data has delivered a rise and fall in the price of Gold. The metal lifted to session highs at $1,996.66 immediately after the CPI data, but it too has taken a rain check on that move and subsequently decided it was surely unjustified given the data. So, gold is now lower again and this wrong-footing price action might even send it lower than might have otherwise been the case, had it not lifted in the first place. Gold is just now trading at $1,984.35
 

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