Gold holds near $4,170 as inflation keeps December Fed tightening in play - Kitco AM Report - Kitco — SkimNews
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- Gold held near $4,170 per ounce, per the Kitco AM Report.
- Inflation pressure kept a December Federal Reserve tightening decision in play, keeping monetary policy risk priced into the gold market.
Why it matters: Persistent inflation keeping a December Fed tightening move on the table is the direct driver behind gold's $4,170 level, with traders pricing in monetary policy risk ahead of the Fed's next rate decision.
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