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Inflation climbs higher, but gold closes sharply lower

kitco.com
 2021-07-30

Cover picture for the articleThe inflationary rate according to the PCE (Personal Consumption Expenditures Price Index), the preferred inflationary index that the Federal Reserve uses rose sharply to a 13 year high in June. However, it came in under analyst expectations and forecasts, which was one factor that took gold prices lower on the last trading day of July 2021.

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