Gold Edges Up From Three-Month Low as Oil Rally Fuels Rate Concerns
Spot gold edged up from a three-month low hit earlier Friday but remained on track for its steepest weekly loss since June. The report cited higher oil prices and expectations for Federal Reserve rates to stay higher for longer.
By Vishak MathewGold edged slightly up from a three-month low hit earlier on Friday and is on track for its steepest weekly loss since June, as rising oil prices fuelled higher-for-longer Federal Reserve rate expectations and pressured the non-yielding precious metal.Spot gold TVC:GOLD was at $4,02…