Gold slips as oil rises; traders await key US inflation data
Spot gold fell 0.3% to $4,390.50 per ounce by 0816 GMT after trading as high as $4,442.70 earlier Tuesday, as oil gained and investors waited for key US inflation clues on the Fed’s rate outlook.
Gold prices edged down on Tuesday as oil climbed and investors awaited key inflation data this week for clues on the Federal Reserve’s interest-rate outlook. 70.