Gold rises more than 1% as dollar eases
Gold futures advanced in early European trade as the dollar softened and oil prices fell. Traders were also reassessing the inflation and interest-rate outlook.
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Gold rises over 1% as dollar softens, oil rally eases
Spot gold was up 1.2% at $4,312.05/oz at 0848 GMT after the dollar softened and easing oil prices supported the move as traders reassessed the Fed’s latest rate hike and outlook for further tightening.