Gold Falls 1.1% to $4,022.19 as Fed Hike Bets Linger
Spot gold fell 1.1% to $4,022.19 as investors awaited US inflation data. Sticky inflation fueled bets of a potential Federal Reserve rate hike later this year.
By Sherin SansGold fell about 1% on Thursday as sticky inflation fueled bets of a potential interest rate hike by the US Federal reserve later this year, while investors awaited a US inflation report for insight into the central bank's next policy moves.Spot gold TVC:GOLD slid 1.1% to $4,022.19 per…