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via economictimes.indiatimes.comEconomy

Gold holds near one-week low as hot US inflation boosts Fed hike bets

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Gold prices rose 0.2% to $4,039.07 per ounce in early Asian trade on Wednesday. This increase followed a nearly 3% decline in the previous session due to US inflation data. The data indicated stronger inflation, leading to heightened expectations of a Federal Reserve interest…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishHotter-than-expected US inflation shifts rate expectations and weighs on gold, a major macro driver.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Gold rose 0.2% to $4,039.07 per ounce in early Asian trade.
  2. 02It fell nearly 3% in the previous session on US inflation data.
  3. 03Traders now price a 100% chance of a rate hike in December.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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Breaking live stories come from third-party newswires via feed; headline and summary belong to the stated source. Impact analysis: UCapital AI · News Impact.

AI use policy. UCapital AI supports the newsroom with news analysis, summaries, market reactions, translations and the generation of cards and charts. AI-generated or AI-assisted content is labelled in the byline (AI Desk, a named AI profile marked «AI», or joint byline) and is reviewed by editors before publication. News received via API feeds from third-party providers is attributed to the original source. AI can make mistakes: report any inaccuracies to the newsroom. Users’ personal data is not used to train the models.