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Gold Holding Support wait crucial US CPI report!!!

Gold drops -0.25% to 1223, retreating from fresh session lows reached at 1220.70 some minutes ago. The yellow metal met fresh supply after the greenback witnessed a renewed spurt of buying interest over the last hours as markets resort to re positioning ahead of the crucial US CPI report, which is expected to spur trading activity.
The gold failed to garner support from subdued trading seen on the European equities as the slowing physical demand for gold in the world’s top consumers continue to dent the sentiment.

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