Gold Edges Lower as Weaker Dollar Offsets Fed Rate-Hike Expectations

Corroborated by 2 sources from 2 publishers

globalbusiness5h ago

TL;DR

Gold rises as yen surge weakens dollar; oil and Fed bets cap gains Gold prices moved slightly lower on Tuesday after rising earlier in the session, as a weaker U.S. dollar provided some support while investors assessed expectations for a Federal Reserve interest-rate increase and upcoming U.S. inflation data.

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