Gold Edges Lower as Investors Weigh Potential Fed Hike
Gold edged lower in Asian trade as markets weighed the possibility of another Federal Reserve rate increase later this year, according to OCBC Group Research's Christopher Wong.
Gold edges lower in Asian trade. While markets broadly expect the Federal Reserve to leave rates unchanged at its October meeting, another increase later this year remains a live risk, says OCBC Group Research's Christopher Wong in a note. A higher interest-rate environment typically weighs on the…