Gold Edges Lower as Fed Rate-Hike Bets Rise
Gold prices edged lower in early Asian trade as hotter-than-expected U.S. CPI revived expectations of more aggressive Fed tightening, lifting the dollar and Treasury yields.
Gold prices edge lower in early Asian trade as Fed rate-hike bets dim the appeal of the non-interest-bearing metal. Hotter-than-expected U.S. CPI has rekindled expectations of more aggressive tightening by the Fed, boosting the dollar and Treasury yields, and weighing on investors' appetite for gol…