London Spot Gold Falls Below $4,300 Overnight, Down 1.59% on June 10

According to Guangdha Futures, London spot gold fell below $4,300 per ounce overnight on June 10, declining 1.59%, while Shanghai Gold Exchange gold weakened 1.51%. U.S. CPI data for May is due to be released later today, with energy prices potentially supporting higher inflation figures and analysts expecting year-over-year data to potentially exceed 4% given low base effects. China's central bank data showed gold reserves increased to 74.96 million ounces in May, adding 3.2 million ounces for the month—the largest single-month increase since year-end 2024 and extending consecutive purchases to 19 months.
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