Gold rises 1% as softer dollar offsets easing oil and Fed hike
Spot gold was up 1.1% at $4,308.57/oz around 1022 GMT as a softer dollar and easing oil prices supported prices while investors assessed the latest Fed rate hike.
Gold rose more than 1% on Thursday as a softer dollar and easing oil prices supported the market, while investors weighed the Federal Reserve’s latest rate hike and the outlook for additional policy tightening. 57 per ounce as of 1022 GMT after hitting…