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Wall Street receives more support from important data, the dollar rises, and gold fluctuates
US stock indices rose during these moments of trading on Wednesday, after significant gains in the previous session, as a slowdown in producer price index data supported views that the Federal Reserve had finished raising interest rates.
Meanwhile, gold prices fluctuate up and down and have not settled on a specific destination after the release of US retail and producer price data, coinciding with the stability of the dollar in an upward direction.
Data on Wednesday showed retail sales falling less than expected in October, falling 0.1% versus expectations of a 0.3% decline according to economists’ expectations.
The US producer price index fell more than expected amid a sharp decline in gasoline costs, providing further evidence that inflation is heading lower.
