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gold price today: Why is gold price rising today? Gold prices move higher as markets assess US inflation data and Federal Reserve rate expectations - The Economic Times

Gold price is witnessing a steady spike on Wednesday. Spot gold jumped 0.2% to $4,188.17 an ounce, while US gold futures gained 1% to $4,219.90. The gold price is still more than 5% down for the month as higher interest rate expectations continue to put pressure on the precious metal.

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