Gold Edges Higher as Traders Await U.S. Inflation Data
Gold is supported by lower oil prices and a weaker U.S. dollar as investors await U.S. inflation figures for clues on the Federal Reserve’s rate outlook. The report says gold trades near $4,200.
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Gold edges lower as investors await U.S. inflation data
Gold prices moved lower on Tuesday, extending losses after last Friday, as traders increased bets on higher U.S. interest rates following strong jobs data and ongoing U.S.-Iran re-escalation.
Gold edges higher as traders await U.S. CPI
Gold rises in early Asian trade as investors look to U.S. CPI data due Friday. The CPI print will help determine whether the Fed tightens policy next week, MUFG Bank’s Soojin Kim says.