💨 Abstract

Gold prices fell for the fourth straight session on Wednesday, influenced by a stronger dollar and increased bond yields following the release of expected U.S. consumer price data. The Labor Department reported slower progress toward low inflation since mid-year, which may lead to fewer interest rate cuts from the Federal Reserve next year. Spot gold dropped 0.6% to $2,582.56 per ounce, while U.S. gold futures lost 0.7%

Courtesy: theprint.in

Summarized by Einstein Beta 🤖