Gold Edges Up As Fed Rate Hike Bets Ease; Stronger Dollar Caps Gains
Gold prices advanced on Monday, supported by continued worries about rising US government debt and fading expectations of an immediate Federal Reserve rate hike, although a firmer dollar limited gains. Spot gold rose 0.4% to $4,159.89 per ounce.
Gold prices rose on Monday, supported by lingering concerns over rising US government debt and easing expectations for an immediate Federal Reserve rate hike, while a firmer dollar limited the move. 89 per ounce by 1138 GMT. S. gold…