Gold falls 0.9% as oil and US inflation boost Fed hike bets
Spot gold was down 0.9% at $3,982.85 per ounce by 0740 GMT on Friday. Higher oil prices and robust US inflation data strengthened the case for another Fed rate hike later this year.
By Sukanya MitraGold prices slipped on Friday as higher oil prices and robust US inflation data strengthened the case for another Federal Reserve interest rate hike later this year.Spot gold TVC:GOLD was down 0.9% at $3,982.85 per ounce by 0740 GMT, while US gold futures TVC:GOLD for December deliv…