Gold up 2% as Waller remarks cool September rate-hike bets
Spot gold rose 2% to $4,472.94 per ounce by 10:36 a.m., extending gains as traders scaled back September rate hike expectations after Fed Governor Christopher Waller said recent inflation progress could support holding rates unchanged.
By Dharna BafnaGold rose 2% on Thursday, extending gains, as traders scaled back September rate hike expectations after Federal Reserve Governor Christopher Waller's remarks that recent progress on inflation could justify keeping rates unchanged.Spot gold rose 2% to $4,472.94 per ounce by 10:36 a…