China Consumer Price Index (MoM) registered at 0.4% above expectations (0.3%) in August

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Gold trades with a negative bias for the fourth straight day and drops to a one-week low, below $4,350 during the Asian session on Wednesday. Expectations of a Fed rate hike this month weigh on the non-yielding bullion. The US Dollar, however, struggles to lure buyers amid a rallying Yen and could support the commodity as traders await the key US inflation data for a fresh impetus.



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