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Gold drifts higher above $4,350 as softer US PPI data reduces September Fed hike bets

Gold price (XAU/USD) holds positive ground near $4,360 during the early Asian session on Friday. The precious metal gains momentum following US inflation data. Traders will take more cues from the US July Retail Sales report, which is due later on Friday.

Gold drifts higher above $4,350 as softer US PPI data reduces September Fed hike bets

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