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MCX GOLD TIPS | Gold surges after China consumer prices tick up

Discussion in 'Stock Market News & Analysis' started by Anik singh, Dec 9, 2015.

  1. Anik singh

    Anik singh New Member

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    Gold prices rose by 0.09 per cent on Wednesday as consumer prices in China nudged a bit higher than expected, bolstering required hopes.

    In China, CPI rose 1.5% year-on-year, a tick higher than the 1.4 per cent seen and PPI fell 5.9%, matching expectations. The higher customer inflation will no doubt limit the room for the People's Bank of China to again cut interest rates. The PBOC last cut the benchmark one-year deposit rate to 1.5 per cent at the end of October.

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