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Gold is rising for a third straight day but failed to retest the yearly high of $2032 overnight as the US dollar weakened following the March US CPI data and the release of the minutes from the FOMC meeting.
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U.S. equities traded in a tight range and ended mixed on April 11, 2023, ahead of inflation and earnings news later in the week.
Late selling last night following an earlier rally had Wall Street squaring up ahead of tonight's CPI. Dow up 98. (Available for non-subscribers after 10am)
A brief look at important company events and economic data releases next week
Slower credit growth may curtail broader U.S. economic growth, taking pressure off the Federal Reserve.