Gold Edges Higher as Traders Pare Fed Rate-Hike Bets
Gold traded around $4,180 an ounce after falling 0.7% the prior week, as traders reduced bets on a Federal Reserve rate hike this month following remarks by Chair Kevin Warsh. The hike probability fell to less than an unspecified level.
Gold opened the week higher as traders pared bets on the Federal Reserve raising interest rates this month after remarks by Chair Kevin Warsh.Bullion was trading around $4,180 an ounce, after falling 0.7% the week before. Traders unwound bets on the probability of a quarter-point hike to less than…