Gold Falls Nearly 3% as US CPI Tops Forecasts
Gold fell nearly 3% after US inflation topped forecasts, lifting the dollar and yields.
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07:10:39 PM UTC
SquawkNews
By Vedika ThoratGold prices fell nearly 3% on Tuesday after hotter-than-expected US inflation data lifted the dollar and Treasury yields while reinforcing expectations of a bigger interest rate hike from the Federal Reserve this year.Spot gold TVC:GOLD was down 2.7% at $4,028.39 per ounce by 1:53 p…