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Watching Gold Post-CPI
The CPI numbers came in a bit hotter than expected, and I'm curious to see how $GLD reacts, currently at $367.6, especially with the dollar still showing some strength against emerging market currencies like $USDTRY at 47.17423. It'll be interesting to see if this prompts any re-evaluation of Fed rate hike probabilities, which could either support or pressure gold from here.
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