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Spot Gold Reaches $4,993 as US Core CPI Cools to 2.5%

The precious metal rose over $20 per ounce after inflation data matched expectations, hitting its lowest level since March 2021.

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Terms & Concepts
  • Core CPI: A measure of inflation that excludes volatile food and energy prices to provide a clearer view of underlying price trends.
  • Spot Gold: The current market price at which gold can be bought or sold for immediate delivery rather than for a future date.