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Gold prices inched higher on Wednesday but remained stuck around the $1,730 level as investors awaited a key reading on inflationary pressures in June. The yellow metal had settled higher for a second session on Tuesday.
Price action
Analyst reaction
Wednesday’s June consumer price index data could have a major impact on the precious-metals market, since a hotter-than-expected headline number could pressure the Federal Reserve to hike interest rates more quickly.
This,…
