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On Wednesday, New York gold futures prices closed lower, partially giving up the gains from the previous session. Chintan Karnani, the chief research analyst at Insignia Consultants, said that the US April Consumer Price Index data was “mixed,” causing gold and silver to be sold off after initially rising in price. He said, “The Fed did not confirm the next rate change after the data was released.” Gold futures for delivery in June on the New York Commodity Exchange fell by $5.80, or 0.3%, to close at $2,037.10 per ounce.
