Gold off day’s high

Gold prices retreated slightly from the daily high of USD 1164.1/Oz levels, after the major European equity markets made a positive start for the day.
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US survey-based inflation expectations raise doubt on June hike – ING

Rob Carnell of ING reviews the US consumer confidence data release, and further comments that the rising survey-based inflation expectations might give FOMC doves an excuse to delay the widely anticipated mid-year rate hike by Fed.
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