Spot gold gained 0.9% to $4,406.34 per ounce by 0330 GMT. U.S. gold futures for December delivery rose 0.6% to $4,466.70
Gold rose nearly 1 per cent on Wednesday,
supported by reduced bets on Federal Reserve tightening next
month as investors awaited key U.S. inflation data that could
reshape policy expectations.Spot gold gained 0.9 per cent to $4,406.34 per ounce by 0330
GMT. U.S. gold futures for December delivery rose 0.6 per cent
“The primary driver for gold is the reduction in pricing of rate hikes by the Fed,” says analyst.
Gold prices experienced a notable increase on Wednesday as market participants anticipated essential inflation data. Worries…
LONDON: Gold prices rose more than 1 percent on Wednesday, supported by easing expectations for a Federal Reserve rate hike next…
Gold edged higher near a two-month peak as investors awaited US inflation data for clues on Federal Reserve policy. Weaker jobs…
Spot gold was up 0.6% at $4,023.77 per ounce by 0747 GMT, after touching its lowest level since July 1 at $3,983.29
Gold prices ease after hitting a seven-week high, as investors await crucial US inflation data this week.
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