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Commodities

Gold Price Holds Firm Near $4,380 Amid Inflation Concerns

Guavy AI Editorial Team
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Gold
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The gold price has held steady near $4,380 as inflation concerns rise. The August PPI (Purchasing Power Index) report shows a significant increase in hot prices, which has pushed the odds of a September rate hike to around 60%.

The Federal Reserve will meet on September 15-16 to discuss potential interest rate changes. Despite bank targets remaining unchanged, central banks continue to purchase gold and silver, indicating sustained demand for these precious metals.

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