Gold subdued on dollar strength ahead of US inflation data

​​​​​Barring a major surprise, the CPI data could coalesce investors' expectations for a 75-basis-point interest rate hike by the Fed later this month, as the U.S. central bank seeks to rein in inflation. Although gold is seen as an inflation hedge, higher rates draw investors away from bullion, which bears no interest.

from Commodities-Markets-Economic Times
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