Gold Falls 0.4% as US Inflation Reinforces Fed Outlook
Spot gold was down 0.4% at $4,006.06 per ounce by 0036 GMT after falling more than 1% in the previous session. The report linked the decline to stubborn US inflation and expectations of further Federal Reserve rate hikes.
Gold prices eased in early Asian trade on Friday after dropping more than 1% in the previous session, as stubborn US inflation fuelled expectations of further Federal Reserve rate hikes, weighing on bullion.FUNDAMENTALS* Spot gold TVC:GOLD was down 0.4% at $4,006.06 per ounce by 0036 GMT, while US…