Gold Gains 0.6% After Steep Drop, Near $4,000 Level
Spot gold rose 0.6% to $4,055.00 per ounce on Wednesday after a sharp selloff in the previous session. Hawkish central-bank signals and hot U.S. inflation data were cited as drivers.
By Sherin SansGold prices climbed on Wednesday, but stayed near the $4,000 level after a sharp selloff in the previous session driven by hot US inflation data and hawkish policymakers' comments that boosted bets on further and larger rate hikes.Spot gold TVC:GOLD rose 0.6% to $4,055.00 per ounce by…