Gold edged higher Wednesday, extending a stretch above the $2,000 level, as traders awaited the latest reading on the U.S. consumer-price index.
Price action
Market drivers
Gold has rallied nearly 11% in 2023, bolstered by a retreat in Treasury yields and the U.S. dollar. Falling yields lower the opportunity cost of holding nonyielding assets, while a weaker dollar makes assets priced in the unit less expensive to users of other currencies.
March…
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