Gold Gains 0.3% to $4,042.71 After Steep Drop
Spot gold rose 0.3% to $4,042.71 per ounce on Wednesday, remaining near $4,000 after a sharp selloff in the previous session. The prior drop followed hot US inflation data and hawkish policymaker comments that boosted bets on further and larger rate hikes.
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 0.3% to $4,042.71 per ounce by…