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Gold Prices Hold Steady Ahead of US Inflation Data Release

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Gold
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Gold prices remained stable on Wednesday as investors waited for the release of US inflation data later in the week.

The Federal Reserve's interest rate trajectory is expected to be influenced by this data, which has been a major driver of gold prices lately.

Spot gold held steady at $4,424.40 per ounce, while US gold futures for December delivery edged down 0.1 percent to $4,471.60 per ounce.

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