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Gold prices hold firm ahead of US inflation data
Gold prices were little changed on Wednesday as investors braced for US consumer price index data due later in the day to gauge the Federal Reserve’s latest monetary policy stance. Spot gold held steady at $4,159.45 per ounce by 0251 GMT. US gold futures for December delivery edged 0.1% higher to $4,182.60. “What we’re looking at here is not a big move, it’s within a range. But the fact that we are able to hold a range while oil is rallying suggests that gold is trying to find a reason to rally,” said Ilya Spivak, head of global macro at Tastylive. On the geopolitical front, an administr...
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