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Gold Dips to $4,620 as Bulls Pause Ahead of Jackson Hole and US CPI

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The Story

News Summary

  • Gold prices retreated toward $4,620 per ounce from three-month highs as bullish momentum slowed.
  • Traders are locking in profits ahead of crucial US inflation figures and the Federal Reserve's Jackson Hole Symposium, despite supportive Chinese import data and ongoing Middle Eastern geopolitical risks.
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XAUUSD price history

4376.90 -5.19% over the displayed period

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