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Gold futures edged lower near $4350 per ounce in early Asian trade as the dollar strengthened ahead of the closely watched US November CPI report, expected to show inflation remaining above the Federal Reserve's target. The dollar index hovered above 98, extending recent gains and weighing on bullion prices. On MCX, February gold futures slipped 0.4% to ₹134360 per 10 grams, tracking weakness in international markets. Fed Governor Christopher Waller said there remains scope for rate cuts amid signs of a softening labor market, offering some underlying support to gold. Geopolitical tensions added a cautious undertone as the US moved to halt sanctioned Venezuelan oil shipments, while Russia reiterated its firm stance on territorial demands in Ukraine. Powered by Capital Market - Live News
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