Gold edges up as Fed rate hike bets ease; dollar caps gains
Spot gold rose 0.6% to $4,165.49 per ounce, supported by concerns over rising government debt and easing expectations of an immediate Federal Reserve rate hike. However, a firmer dollar limited the gains.
Gold prices rose on Monday as concerns about rising government debt and easing expectations for an immediate Federal Reserve rate hike supported the market, though a firmer dollar capped gains. 49 an ounce by 0901 GMT. US gold future…