Gold Rises 0.1% to $4,170.90 as Traders Weigh Fed Rate Hike Prospects
Spot gold rises 0.1% to $4,170.90 a troy ounce in Asian trade. Commonwealth Bank of Australia's Trent Saunders says traders are likely weighing the prospect of further Federal Reserve rate increases this year after hotter-than-expected U.S. inflation data.
Gold moves slightly higher in Asian trading, with spot prices up 0.1% at $4,170.90 a troy ounce. Commonwealth Bank of Australia’s Trent Saunders says in a note that traders are likely assessing the possibility of further Federal Reserve rate increases this year after a series of hotter-than-expected U.S. inflation readings.