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.
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Gold edges lower ahead of U.S. inflation data; oil lifts inflation fears
Gold inched lower on Tuesday as rising oil prices fueled inflation concerns and boosted expectations for a September Federal Reserve rate increase. Spot gold fell 0.2% to $4,396.1, with investors awaiting U.S. inflation data.
Gold edges lower as oil firms and US inflation awaits
Gold prices inched lower Tuesday as oil gained. Spot gold slipped 0.1% to $4,399.99/oz by 1024 GMT after trading as high as $4,442.70 earlier; investors await key US inflation data for clues on the Federal Reserve’s rate path.