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Gold Prices Rally on Strong Chinese Demand and Inflation Woes

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The Story

News Summary

  • Gold prices rose on Thursday, supported by strong physical demand from China and persistent fears of US fiscal instability.
  • Despite strong PCE inflation data supporting Fed rate hike expectations, the metal's safe-haven appeal and debasement hedging continue to provide strong bullish momentum.
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4376.90 -5.19% over the displayed period

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