Gold Bulls Again Turn to Bullion After CPI Numbers Emerge: Socgen

“US inflation data for November were released at the very end of the week, with core CPI printing at 6.0% YoY compared to analysts’ forecast of 6.1%. This was particularly supportive for Gold since it was thought that it would further convince the Fed to slow the pace of tightening during its 13-14 December FOMC meeting.”

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