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Gold slides below $2,330 as US yields rise

The reaction across the markets to the hotter than forecast US CPI has seen equity futures tank and the dollar rise sharply. It has also sent Gold prices falling back rapidly too. The metal has now dropped below $2,330 and in truth it may not be done with the downside yet. We shall see on that. The markets were not expecting data this hot and it has caused a deeper correction than we have seen so far this week. Gold is currently trading at $2,329.60 
 

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