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Gold drops to $4,147 ahead of US inflation report

Gold drops to $4,147 ahead of US inflation report

Gold prices declined during today's Wednesday trading to $4,147.40 per ounce, a decrease of 0.34%, amid investor anticipation of U.S. inflation data that could influence interest rate trends and Federal Reserve decisions. Previously, prices had settled at $4,161.05, while U.S. gold futures contracts rose by 0.2% to $4,185, amid a falling dollar ahead of economic data releases that will shape the market's future direction.

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