Gold prices edge lower as oil fuels inflation concerns
Gold prices edged lower as higher oil prices intensified inflation concerns, with investors awaiting the Federal Reserve’s policy decision later Wednesday for clues on the rate outlook.
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Gold Prices Slip as Strong US Data Fuels Fed Tightening Bets
Gold prices edged lower to around $4,270 an ounce on Thursday, moving closer to their lowest level since early August, weighed by expectations that the US Federal Reserve could tighten monetary policy further. Mounting US inflation pressures and signs of a resilient economy appear to be reinforcing expectations of anot