Gold prices were slightly lower on Wednesday as investors awaited U.S. consumer price index data for April which may provide into whether the Federal Reserve’s ten interest rate rises in the past year have brought inflation down further.
Price action
Market drivers
“Gold is treading water ahead of the CPI data, a release that could be the catalyst for new record highs in the yellow metal or a broader correction,” said Craig Erlam, senior market analyst at OANDA.
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