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Chinese stocks fell despite stronger-than-expected trade data, as subdued consumer inflation pointed to lingering weakness in domestic demand and accelerating producer prices added to cost pressures.
Gold futures fell slightly as traders lowered exposure a day ahead of US Consumer Price Index data and its implications for Federal Reserve interest rate policy.
In early Asian trading, gold prices held steady as investors awaited crucial US consumer price data, which could affect future Federal Reserve decisions. New York Fed President John Williams spoke about the need for potential interest rate increases to combat inflation. Additionally, Fed Governor Christopher Waller…