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US Inflation Moves Gold
The U.S. Consumer Price Index rose 0.4% in October, following a 0.6% increase in September and exceeding economists’ forecast of 0.3%. The annual inflation reading was not published because the October 2025 data needed for comparison were unavailable. The figures strengthened expectations that the Federal Reserve will raise interest rates next month, while gold fell 0.60% to $4,046. Inflation remains well above the central bank’s 2% target, amid rising oil prices and tariffs.
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