Gold edges higher but stays near one-week low as inflation lifts Fed hike bets
Spot gold rose 0.2% to $4,039.07 in early Asian trade Wednesday, remaining near a one-week low after stronger-than-expected U.S. inflation data reinforced expectations of a Fed rate increase next month.
Gold prices edged higher in early Asian trade on Wednesday but remained close to a one-week low as stronger-than-expected US inflation data reinforced expectations of a Federal Reserve interest rate increase next month, pressuring bullion.FUNDAMENTALS* Spot gold TVC:GOLD was up 0.2% at $4,039.07 pe…