Gold Edges 0.2% Higher to $4,174.54 as Investors Weigh Fed Rate-Hike Odds
Spot gold rose 0.2% to $4,174.54 per ounce by 0031 GMT in early Asian trading as investors assessed the likelihood of a Federal Reserve rate hike later this year.
Gold prices moved slightly higher in early Asian trading on Monday, with investors assessing the chance of a Federal Reserve rate hike later this year and looking for fresh signals on the US central bank’s policy path. Spot gold TVC:GOLD gained 0.2% to $4,174.54 per ounce by 0031 GMT.