Gold Slips 0.8% as Fed Hike Bets Linger Ahead of US Inflation Data
Spot gold fell 0.8% to $4,035.28 as investors awaited a US inflation report. The report says sticky inflation fueled bets on a potential Fed rate hike later this year.
By Sherin SansGold prices slid 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 0.8% to $4,035.28 per o…