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Commodities

Gold, Silver Prices Edge Lower Amid Easing Inflation Pressure

Guavy AI Editorial Team
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Gold Silver
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Gold and silver prices retreated in Thursday's trading after experiencing a significant rally due to easing US inflation.

The dollar index, which measures the US currency against a basket of six major currencies, remained stable at 99.97 points.

A slowdown in US annual inflation for the second consecutive month has put pressure on the US Federal Reserve to tighten monetary policy, reducing the likelihood of a September rate hike to 40%, down from 54% previously.

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