The Consumer Price Index, which measures the change in what customers pay for goods and services such as groceries, clothing and gas, climbed 0.6% in March – it’s biggest monthly increase since August 2012.
The sharp surge of the yellow metal’s price ended just before the metal reached the 1,750.00 level.
A generally positive tone around the equity markets failed to assist the safe-haven XAU/USD to capitalize on the previous day’s goodish bounce from the $1,724 area, or over one-week lows.
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