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Gold futures prices held steady above $4400 ahead of the CPI report, trading at $4470.40 at 7:35 AM ET.
Gold December Futures (GC=F) opened at $4430 on Wednesday, down 0.2% from Tuesday's close. Influenced by last week's weaker-than-expected jobs report and market expectations for today's July CPI report, gold prices have now risen to $4470.40. Economists expect the July CPI annual rate to slow to 3.4% from 3.5% in June, with a month-over-month increase of 0.1%.
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