fromLondon Business News | Londonlovesbusiness.com
5 days agoGold near $4,100 as traders eye inflation data and geopolitical developments - London Business News | Londonlovesbusiness.com
Gold steadied around USD 4,100 on Thursday, finding support after a sharp two-day slide, as investors weighed renewed geopolitical tensions and upcoming US inflation data. The metal paused its decline despite lingering headwinds, including a firmer dollar and this week's largest single-day outflow from gold-backed ETFs in five months. On the geopolitical front, Washington announced new sanctions on Russia's two largest oil companies after the planned Trump-Putin meeting was shelved, while cross-border strikes intensified near Russia's Belgorod region.
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