Gold Eases From 3-Month High as Investors Await US Inflation Data
Spot gold slipped 0.3% to $4,642.74 an ounce as traders awaited the July US Personal Consumption Expenditures index for clues on rates.
9 Articles
9 Articles
Gold price: Falls amid widespread anticipation of US inflation. Gold prices fell on Wednesday after hitting a more than three-month high in the previous session, as investors awaited a key US inflation report to determine the path of interest rates...
Gold prices fell in Europe as the dollar strengthened and US data will play a key role. PCE data will determine the Fed's decision, which could affect the direction of gold. Gold prices trading in Europe fell to $4,616.33 per ounce under pressure from profit-taking and a strong US Dollar Index; the intraday high was recorded at $4,673.79. Tuesday's close was at a 15-week high of $4,696.79. The metal, which opened at $4,657.75 during the day, rem…
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