Gold edges up 0.2% as oil prices retreat ahead of Fed meeting
Spot gold rose 0.2% to $4,172.87 per ounce by 1109 GMT on Monday. The report cited lower oil prices easing inflation concerns ahead of next week’s Federal Reserve meeting, where rates are widely expected to remain steady.
Gold edged higher on Monday, with spot gold (TVC:GOLD) up 0.2% at $4,172.87 per ounce by 1109 GMT. Lower oil prices eased inflation concerns ahead of next week's Federal Reserve monetary policy meeting, where the central bank is widely expected to keep interest rates steady.