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Metals Stocks: Gold futures post back-to-back gains, supported by rising inflation

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Gold futures settled higher for a second day in a row on Wednesday, as support from concerns over a rise in inflation outweighed pressure from strength in U.S. Treasury yields.

For now, “we see investors are more interested in gold price because they believe that inflation is likely to remain anchored for some time,” Naeem Aslam, chief market analyst at AvaTrade, told MarketWatch. “Gold is a decent hedge against inflation hence we see the gold price in demand.”

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