Gold Edges Up as Oil Retreats; Fed Decision in Focus
Spot gold rose 0.2% to $4,171.65 per ounce by 0853 GMT on Monday, as lower oil prices eased inflation concerns ahead of next week's Federal Reserve meeting. The Fed is widely expected to hold rates steady.
Gold prices moved modestly higher on Monday as a decline in oil eased inflation concerns ahead of next week's Federal Reserve policy meeting. The central bank is widely expected to keep interest rates unchanged. Spot gold rose 0.2% to $4,171.65 per ounce by 0853 GMT.