US Inflation and India Tariff Squeeze Gold Prices
Gold prices slipped toward $4,700 an ounce Wednesday as surging US inflation crushed Federal Reserve (Fed) rate cut expectations while India simultaneously raised import duties on the metal. Spot gold fell 0.4 percent to $4,695.99 per ounce in early Asian trading, extending losses after US consumer inflation accelerated to 3.8 percent in April, its highest reading since May 2023. A…
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