Gold Firms on Softer Dollar, Inflation Data and Mideast Risks in Focus
Spot gold rose 0.6% as traders awaited U.S. inflation reports and weighed a 60% chance of another Federal Reserve rate hike.
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7 Articles
Gold prices rose today Wednesday with a slight decline in the dollar, while renewed attacks between the United States and Iran and anticipated inflation data were maintained
This article was originally published on Cedarnews.net. For more exclusive news and reports, visit our website. Gold prices rose today, supported by a slight decline in the dollar, while renewed attacks between the United States and Iran and upcoming inflation data kept the focus on the outlook for interest rates, according to Reuters. Spot gold rose 0.4 percent to $4,372.19 per ounce by 02:30 GMT. Meanwhile, U.S. gold futures for December deli…
Gold price firms on softer dollar; inflation data and US-Iran war in focus
Gold prices firmed on Wednesday as the dollar remained muted, while renewed attacks between the U.S. and Iran and upcoming inflation data kept the focus on the interest-rate outlook.
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