Gold Prices Face Pressure as Strong Jobs Data Boosts Dollar, Yields; Fed Meeting, Inflation Data Awaited
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Gold prices are under pressure after strong US jobs data reduced hopes for Fed rate cuts, boosting yields and the dollar.
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Investors await US CPI data and the Fed's policy meeting for clues on rates outlook and next moves.
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China's weak inflation adds to global growth worries, sparking some safe-haven demand for gold.
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Gold faces technical resistance at $2,000 and key support at $1,982. A break below could trigger further declines.
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Factors affecting gold include dollar and yields moves, inflation/recession fears, geopolitics, rates outlook.