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Gold slips as dollar firms ahead of CPI report that could shift Fed rate-hike pace

“Gold prices retreated Tuesday as the dollar firmed ahead of a reading on U.S. consumer-level inflation that could push the Federal Reserve into more-aggressive interest-rate moves this year” writes Rachel Koning Beals for marketwatch.com. Read: Here’s the ideal amount of gold to keep in your investment portfolio Consumer prices are due at 8:30 a.m.The ICE U.S. Dollar Index DXY, +0.12%  was up 0.2% at 90.062, and if that action continues, the dollar could notch its first gain in thee sessions.Despite recent gains, net speculative positions in silver are still only 18% of the record,” she said.
 
Source: marketwatch.com



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