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Gold Continues to See Uptrend Effect After CPI

Gold price remains firm on increased Fed rate cut bets, Middle East crisis

Gold price (XAU/USD) continues to enjoy decent demand on Monday’s European session amid multiple tailwinds. The precious metal is attracting investments as market participants seem more convinced about the Federal Reserve (Fed) reducing borrowing costs from March after the release of the surprisingly soft Producer Price Index (PPI) numbers for December. Investors expect that a decline in the…

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