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Gold steady amid Fed rate cut views, trade uncertainty
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Gold steady amid Fed rate cut views, trade uncertainty
* U.S. consumer prices barely rose in May, data from the Labor Department showed on Wednesday, pointing to moderate inflation that together with a slowing economy increased pressure on the Federal Reserve to cut interest rates this year. * Weak economic data such as Wednesday's has investors hoping the Fed would give hints about a rate cut after its June 18-19 meeting. * U.S. President Donald Trump declined to set a deadline on Wednesday for levying tariffs on another $325 billion of Chinese goods and called the relationship with Beijing good but 'testy' after China walked back commitments for a trade deal.
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