It's not unusual for prices to retrace against a preceding large move, analyst says, adding that the slide is also due to the greenback gaining
Bengaluru — Gold prices slipped on Monday from a three-week high scaled in the previous session, as the US dollar regained some ground, making greenback-priced bullion more expensive for holders of other currencies.
Investors will now focus on the US inflation data due later this week. The data is likely to shed some light on Fed's rate-hike move in the upcoming December meeting. Bullion is considered an inflation hedge, but rising interest rates dent the non-yielding asset's appeal.
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