Day: July 13, 2022

Gold rebounds sharply from 1-year low as dollar slips over US’ inflation

By Ashitha Shivaprasad (Reuters) – Gold rebounded from a near one-year low on Wednesday as the dollar retreated following an initial rally, helping bullion stave off pressure from prospects of steep rate hikes after U.S. consumer prices surged. Spot gold rose 0.7% to $1,737.69 per ounce by 11:58 a.m. ET …

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