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Gold Steady After Mixed PPI Report

Wed, 13th Sep 2017 14:40

WASHINGTON (Alliance News) - Gold futures were slightly higher Wednesday morning, trimming weekly losses as traders weighed US wholesale inflation data.

PPI advanced 2.4% in past 12 months, up from 1.9%. However, core prices stripping out oil and food remained at 1.9% inflation.

December gold was up 0.4% at USD1338 an ounce, as the dollar weakened on the economic data.

Gold's safe haven appeal was lifted by slumping equities following Apple's lackluster product launches yesterday.

Copyright RTT News/dpa-AFX

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