Gold bulls blink as hot US PPI, $100 Oil send yields flying

Gold price retraces by about 0.90% on Thursday as traders price in a hawkish Federal Reserve (Fed) following the release of the US Producer Price Index (PPI) for August.
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ECB sources say further tightening remains likely – Reuters

According to Reuters sources, the European Central Bank (ECB) is expected to further tighten monetary policy in the months ahead and could raise rates in October.
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