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Metals Stocks: Gold prices shake off losses to turn higher after June inflation number

Metals Stocks

Gold finds support as U.S. dollar, Treasury yields move lower

Wednesday’s inflation number came in hotter than expected.

David Gray/Agence France-Presse/Getty Images

Gold prices on Wednesday shook off losses from the hotter-than-expected inflation data to turn higher, buoyed by a pullback in the U.S. dollar.

The yellow metal had settled higher for a second session on Tuesday.

Price action
Analyst reaction

Just as precious metals analysts had anticipated, gold prices slumped immediately…

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