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Gold rises 0.4% as oil and dollar retreat ahead of US inflation data

Spot gold rose 0.4% to $4,186.91 per ounce by 08:58 GMT on Tuesday. Oil prices and the US dollar retreated, while expectations for a Federal Reserve rate hike this month remained subdued ahead of US inflation data due this week.

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Gold edged higher on Tuesday as oil prices and the US dollar pulled back. Expectations that the Federal Reserve will raise rates this month remained subdued, with key US inflation data due this week. 91 per ounce by 08:58 GMT. US gold futures TVC:GO…