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Gold Drops Near $1800 as Fed Decision Awaits!

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Gold prices collapsed during yesterday’s session as traders returned after a weekend of digesting the latest inflation data.

With the US CPI reigniting fears about persistent inflation, will this give the Fed something to think about at the next meeting?

The $1800 psychological level serves as a prominent target for bears, as if this breaks, we could see yearly lows emerge.

Timestamps

XAUUSD 01:50

WTI 02:55

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