Apparently, gold and silver traders have had a change of heart over the weekend as the recent revival of US rate cut hopes have seemingly dissipated overnight perhaps because of the prospect of lingering inflation signals from the US PPI report tomorrow.
However, expectations for the report call for a 0.2% gain, which will match the previous month, and in turn that could mean inflation has continued to grow over the last four weeks albeit at a softer rate.
In another negative, the gold market continues to see signs of high price adversity in the Indian gold trade...[MORE]
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