Gold prices remains under pressure as U.S. Q4 GDP increased 2.7%, inflation remains persistently high

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Gold prices remains under pressure as U.S. Q4 GDP increased 2.7%, inflation remains persistently high
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Gold prices remains under pressure as U.S. Q4 GDP increased 2.7%

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The gold market is not seeing much reaction to the latest economic data as it continues its downward slide. April gold futures last traded at $1,832.80 an ounce, down 0.47% on the day. The report said that core inflation, which strips out volatile food and energy prices, rose 4.3% in the fourth quarter, up from the initial estimate of 3.9%.

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