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Gold  edged higher on Thursday, snapping two-days of losing streak, and recovered a part of the overnight slump back closer to YTD lows.

The incoming US economic data, with the latest PPI print showing that wholesale prices rose at the fastest yearly rate in almost seven years, reaffirmed expectations that the Fed would hike interest rates at least two more times in 2018 and prompted some aggressive selling around the non-yielding yellow metal on Wednesday.

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