Gold edges higher as softer ADP jobs data tempers Fed hike odds
Gold rose modestly on Wednesday after weaker-than-expected U.S. private jobs data reduced expectations for a Federal Reserve rate hike amid renewed U.S.-Iran conflict concerns.
WASHINGTON (dpa-AFX) - Gold prices have inched higher on Wednesday, moderately offsetting the three previous sessions of losses, after weaker-than-expected U.S. private jobs data lowered the expectations of a rate hike by the U.S.
Federal Reserve due to the re-escalation in the U.S.-Iran conflict.F…