Tag: run-up
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Gold dropped as caution prevailed in the run-up to U.S. inflation readings
[ad_1] Gold yesterday settled down by -0.46% at 58973 as caution prevailed in the run-up to U.S. inflation readings that could set the tone for future monetary policy. Data showed China’s consumer sector fell into deflation in July, with the Chinese central bank’s stronger-than-expected exchange-rate fixing also weighing on the U.S. dollar. China continues to…