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The personal consumption expenditure index -- the Fed's favorite measure of inflation -- would be out later this week.
The dollar rose to session highs against the euro after a stronger-than-expected reading in U.S. consumer confidence data.
The second year of the Central Banks Gold Agreement ends on Tuesday and the European Central Bank said gold reserves of euro-zone central banks fell 172 million euros in the week to September 22.
Analysts said a drop of 172 million euros in gold reserves indicated that central banks sold about 12 tonnes of bullion, taking total reported sales so far to about 392 tonnes in the second year, against the full quota of 500 tonnes.
(12 tonnes) is not an especially large amount. European central banks were actually less active in their sales than some might have expected. As a consequence, it's definitely price supportive. |
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