Gold edges higher as lower oil prices reduce rate-hike odds
Gold moved higher after recent oil-price weakness lowered the perceived chance of further Fed interest-rate hikes to contain inflation. Bullion traded around $4,360 an ounce after reversing course from the previous day’s biggest weekly drop.
Bullion was trading around $4,360 an ounce, reversing course after falling the most in a week the day before. Oil steadied on Tuesday a…