Gold Slips as Dollar Rises on Renewed Inflation Concerns
Gold gave up an early advance and extended the prior session’s losses on Wednesday. The report cited renewed inflation concerns, Iran’s harder stance toward the U.S. and hawkish comments from senior Federal Reserve officials.
WASHINGTON (dpa-AFX) - Giving up an early advance and adding to the losses from yesterday's session, gold prices have edged lower on Wednesday after inflationary pressures returned to markets with Iran hardening its stance against the U.S. Coupled with hawkish comments from senior Federal Reserve o…