Gold rises as dollar stays subdued and U.S.-Iran tensions persist
Spot gold firmed 0.5% to $4,375.89 per ounce by 0442 GMT, supported by a subdued dollar. Renewed U.S.-Iran tensions and upcoming inflation data kept focus on the interest-rate outlook.
Gold prices firmed on Wednesday as the dollar stayed subdued, with renewed U.S.-Iran tensions and upcoming inflation data keeping investors focused on the interest-rate outlook. Spot gold TVC:GOLD was up 0.5% at $4,375.89 per ounce by 0442 GMT. U.S. gold futures TVC:GOLD lost…