Gold Inches Up as Fed Rate Hike Prospects Fade
Spot gold prices rose 0.3% to $4,153.32 per ounce and US gold futures climbed 0.5% to $4,182 in early Asia trade, as recent soft economic data has lowered expectations for a Federal Reserve interest rate hike in October.
Gold prices edged higher in early Asia trade on Monday as recent soft economic data reduced expectations for a Federal Reserve rate hike in October. 32 per ounce by 0022 GMT. 5% to $4,182.