Gate News Report, March 11 — Gold prices declined in early trading but remained around $5,200 per ounce as investors digest mixed signals from Middle East conflicts. The previous trading day, gold prices rose supported by a weaker dollar and falling oil prices easing inflation concerns. ANZ Bank analysts stated, “However, ongoing developments continue to cast a shadow over the prospect of a rate cut in the U.S. This has led investors to keep withdrawing gold from gold ETFs.” Traders are currently awaiting tonight’s U.S. inflation data for more clues on interest rate prospects.
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