Gold Price Prediction – Prices Decline on Stronger Inflation Figures as the Dollar Rises

Gold Price Prediction – Prices Decline on Stronger Inflation Figures as the Dollar Rises

Gold prices declined on Wednesday in the wake of the stronger-than-expected U.S. inflation report. The stronger than expected headline and core inflation numbers reported by the Labor Department buoyed U.S. yields, which drop up the U.S. dollar. The stronger dollar weighed on gold prices generating headwinds for the yellow metal.

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