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Gold Dropped As Investors Continued To Reassess The Monetary Policy Prospects.

Gold prices experienced a decline of -0.35%, settling at 62078, as investors reevaluated their positions amid reassessments of monetary policy prospects, influenced by economic data and statements from bankers. The US CPI data, with a 0.2% month-over-month increase in December (slightly below the initial 0.3% estimate), and the expected 0.3% rise in core CPI confirmed a gradual cooldown in inflationary pressures, prompting market participants to reconsider their outlook on monetary policy.