Gold Edges Lower as Hot US Inflation Bolsters Fed Rate-Hike Bets
Gold edged lower, after hotter-than-expected US inflation data raised prospects that the Federal Reserve will hike interest rates later this week.
Gold edged lower, after hotter-than-expected US inflation data raised prospects that the Federal Reserve will hike interest rates later this week.
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Gold edged lower, after hotter-than-expected US inflation data raised prospects that the Federal Reserve will hike interest rates later this week.
Copper edged lower as hotter-than-expected US inflation saw traders boost bets on the Federal Reserve hiking interest rates.
Hotter-than-expected U.S. inflation and an oil rally have prompted investors to expect the Federal Reserve to raise its benchmark interest-rate range by 25 basis points, to 3.75%-4%, at its Sept. 15-16 meeting. August consumer prices rose 3.4% from a year earlier, while core inflation increased 0.3% month over month. Market-implied odds of a hike rose above 85%, and Goldman Sachs and JPMorgan now