Gold steady above $1,800 as U.S. inflation raises doubts on Fed taper timeline - NewsBreak
Spot gold was steady at $1,802.86 per ounce, as of 0120 GMT on Wednesday. U.S. gold futures eased 0.2% to $1,803.80. Gold prices held above the key psychological level of $1,800 as the dollar and bond yields came under pressure after a tamer-than-expected rise in U.S. inflation led to uncertainty on when the U.S. central bank will begin tapering its asset purchases.
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