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MoneyWorks4Me

Gold futures end lower ahead to inflation data release

13 Jul 2021 Evaluate
Gold futures ended lower on Monday, pressured by a stronger dollar and on caution ahead to the release of the much awaited US inflation data for more cues on monetary policy outlook. The US consumer price index (CPI) report is due to be released on Tuesday.

Gold futures for August dipped by 0.3% or $4.7 to $1805.90 an ounce on the Comex division of the New York Mercantile. While, spot gold slipped by 0.2% to $1,804.80 per ounce.