Gold Steadies Near Support Level as Markets Await U.S. Inflation Data Amid Oil Price Surge
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Gold prices have leveled off after reaching a six-month low of $4,022.09, trading at $4,077.39 per ounce. The market is currently in a "derisking" phase as investors await U.S. Producer Price Index (PPI) data to gauge the Federal Reserve's future interest rate trajectory.
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