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Gold prices rise after higher-than-expected reading on U.S. inflation – MarketWatch

Gold futures turn higher on Tuesday after data showed U.S. consumer prices in March rose for the fourth month in a row and the pace of inflation hit the…

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Gold futures turned higher Tuesday after data showed U.S. consumer prices in March rose for the fourth month in a row and the pace of inflation hit the highest level in 2½ years. Bullion is often viewed as a hedge against inflation. The consumer-price index jumped 0.6% in March, the government said Tuesday, spearheaded by the rising cost of oil. Economists polled by Dow Jones and The Wall Street Journal had forecast a 0.5% increase in the CPI. The 12-month rate of inflation rose to 2.6% in March…

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