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Gold Subdued as US Inflation Surprise Casts Doubt on June Rate Cut

Gold prices steadied on Wednesday, after posting their biggest drop in a month in the previous session, as sticky US inflation raised concerns that the Federal Reserve might delay going for an interest rate cut beyond June. Spot gold edged 0.1% up to $2,158.70 per ounce, as of 0759 GMT. US gold futures fell 0.1% to $2,164.80. Gold's latest price drop comes as everything falls back to the inflation data, that feeds through into US Fed's decision making, said Michael Langford, chief investment officer at Scorpion Minerals Ltd. ....

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Gold prices show stabilization amid inflation fears, speculation on federal interest rates

Gold prices show stabilization amid inflation fears, speculation on federal interest rates
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Gold flat

Gold flat
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CSIRO launches AI Sprint initative to solve pressing national issues

CSIRO launches AI Sprint initative to solve pressing national issues
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Artificial intelligence launched to provide solutions for cost of living and climate change

Artificial intelligence launched to provide solutions for cost of living and climate change
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