: Gold futures settle lower as traders await U.S. inflation data
Gold futures finished lower on Monday, ahead of monthly data this week on U.S. inflation. Bullion traders want to know if core consumer price index data “will show persistence and raise the odds” that the Federal Reserve will not just hike rates in in July, but more likely also in September, said Edward Moya, senior market analyst at OANDA. If we get a hot report, the Fed is “locked into delivering a quarter-point rate rise.” Gold for August delivery GCQ23 fell $1.50, or nearly 0.1%, to settle at $1,931 an ounce on Comex.
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