Gold Edges Higher on Softer U.S. Inflation Data
Gold prices ticked higher as investors digested softer-than-expected U.S. PCE inflation data, which reduced expectations for another Federal Reserve interest-rate increase this month. Traders are now pricing in a 39% chance of an October hike.
Gold edged higher as investors weighed reduced expectations for another Federal Reserve interest-rate increase this month. Traders are pricing in a 39% chance of an October hike after the latest PCE inflation data came in softer than expected, according to CME's FedWatch tool. "Softer inflation pro…"