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Why Gold Prices Are Down Today
Gold prices took a beating Tuesday, plunging nearly 2% and marking the yellow metal's worst day of the year.
Spot gold prices fell to a low of $1,228 an ounce intraday, but managed to claw back some gains in the afternoon. Still, even fresh Consumer Price Index (CPI) figures showing a slightly higher than expected read on inflation in March failed to goose gold prices much.
Gold prices took a beating Tuesday, plunging nearly 2% and marking the yellow metal's worst day of the year.
Spot gold prices fell to a low of $1,228 an ounce intraday, but managed to claw back some gains in the afternoon. Still, even fresh Consumer Price Index (CPI) figures showing a slightly higher than expected read on inflation in March failed to goose gold prices much.