Gold Prices Hit Worst Week in 4 Months Amid US Inflation Data and Fed Rate Hike Fears
Gold prices briefly rose on the back of US Producer Price Index (PPI) data coming in lower than expected. However, concerns over the Federal Reserve's hawkish stance weighed on the market, pointing towards the largest weekly decline in four months. Higher-than-expected Consumer Price Index (CPI) data also pressured market sentiment.
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