Gold rises 0.5% to $4,423.81 per ounce on softer dollar
Spot gold was up 0.5% at $4,423.81 per ounce as of 0659 GMT. The move was attributed to a softer dollar as markets awaited key U.S. inflation data that could shape the Federal Reserve’s interest-rate trajectory.
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07:16:17 AM UTC
SquawkNews
Gold prices hover around $4,400 a troy ounce as investors await the release of key U.S. inflation data ahead of the Federal Reserve's policy meeting next week. "Higher Treasury yields remain a headwind after a planned U.S. government purchase of up to $6 billion of longer-dated debt failed to mater…
S. inflation data that could help shape the Federal Reserve's interest-rate trajectory. 81 per ounce as of 0659 GMT. S.
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