Gold edges lower as traders weigh Middle East signals and Fed rate path
Gold traded around $4,120 an ounce after rising 0.4% in the previous session. Middle East hostilities raised inflation risks, while the Fed is still expected to hold rates steady near term.
Gold eased as renewed Middle East hostilities heightened inflation risks. The Federal Reserve is still expected to leave interest rates unchanged in the near term. Bullion traded at around $4,120 an ounce, following a 0.4% gain in the previous session that ended a three-day losing streak. Oil rose…