Gold price dips amid rising US yields, strong USD on high inflation data

Gold prices trimmed some of their Wednesday gains on Thursday after traders began to price in a less “dovish” Federal Reserve following a hotter-than-expected Producer Price Index (PPI) report.
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Crude Oil bumps higher on supply draws, WTI knocks on $81.00

West Texas Intermediate (WTI) US Crude Oil knocked into its highest bids in over three months, etching in a new high of $81.05 on Thursday as barrel traders rebalance their price outlook after US Crude Oil stocks fell more than expected this week and the Internation Energy Agency (IEA) lifted their demand growth outlook.
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