Gold Edges Higher as Softer Oil Prices Offer Support
Spot gold rose 0.3% to $4,175.60 as investors assessed the Federal Reserve’s rate outlook.
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US stocks rise as cooler PCE inflation data boosts Fed hopes
Major U.S. stock indexes traded higher as a softer-than-expected PCE inflation report increased hopes the Federal Reserve might hold off on further rate hikes. Headline PCE rose 0.3% in August, below forecasts, while core PCE rose 0.2%.