Gold ends lower as August inflation surprise feeds likelihood of higher U.S. interest rates

Gold and silver prices ended lower on Tuesday as U.S. inflation for August came in surprisingly strong, raising the likelihood for further increases in interest rates, and causing the dollar to rise and short-term Treasury yields to reach fresh 14-year highs. Price action Gold futures GCZ22, -1.55% GC00, -1.55% for December delivery fell $23.20, or 1.3%, to settle at $1,717.40 …

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