Gold bulls demoralized, consolidates around USD 1100/Oz

Gold bulls suffered a knockout blow after prices plunged to a five year low of USD 1071.28/Oz, before paring back some losses to trade just above USD 1100/Oz.
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Germany Producer Price Index (MoM) came in at -0.1%, below expectations (0%) in June

Germany Producer Price Index (MoM) came in at -0.1%, below expectations (0%) in June
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