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Commodities

Gold Prices Near One-Week Lows Ahead of US CPI Data Release

Guavy AI Editorial Team
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Gold
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Gold prices remain near their one-week low as investors await US CPI data release.

The precious metal held steady at $4,318.88 per ounce on Friday morning GMT, after hitting its lowest level since September 2 earlier this week.

The decline in gold prices is attributed to rising expectations of a US rate hike, with the Federal Reserve seen as more likely to increase borrowing costs next week following Thursday's producer price index report.

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