Gold peaks at two-month high before declining as traders await inflation data, impacting Federal Reserve rate hike expectations.

Gold has reached its highest point in two months, driven by traders evaluating significant upcoming U.S. inflation data that may influence interest rate decisions. Lacking…

Gold edged higher near a two-month peak as investors awaited US inflation data for clues on Federal Reserve policy. Weaker jobs data reduced expectations for a September rate…

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 prices have soared to a two-month peak as consumer inflation in the U.S. showed signs of cooling. This easing in inflation has reduced the likelihood of an immediate interest…