Gold Rises on Easing Inflation Concerns; Markets Eye Key US Data

Gold Rises as Inflation Concerns Ease

Gold prices rose on Wednesday as declining oil prices eased inflation concerns, while investors awaited a series of U.S. economic data releases this week to assess the outlook for Federal Reserve policy.

Gold rises on easing inflation concerns; markets eye key US data

Gold prices edged higher as easing oil prices tempered inflation concerns. Investors are closely watching upcoming U.S. economic data, including the CPI and PCE indexes, for clues on the Federal Reserve's future monetary policy decisions. The Fed is widely expected to maintain current interest rates at its upcoming meeting.