Gold Drops 1.7% as Hot US Inflation Boosts Fed Hike Bets
Spot gold fell 1.7% to $4,086.06 per ounce by 9:03 a.m. EDT, its lowest since… The stronger-than-expected US inflation reading lifted bets on a Fed rate hike this month.
Gold fell more than 1% on Wednesday, extending its decline for a third consecutive session after an inflation reading stronger than expected lifted bets on a US Federal Reserve rate hike this month. m. EDT (1303 GMT), its lowest since…