Archive · Business Recorder
Gold edges lower as focus shifts to US inflation data
Gold prices eased on Tuesday as investors took profits after bullion’s more than 1% rally in the previous session and awaited US inflation data for clues on the Federal Reserve’s policy path. Spot gold was down 0.6% at $4,114.48 per ounce, as of 0430 GMT. US gold futures for December delivery edged 0.2% higher to $4,123.50. “It’s just a bit of churn in the market. Prices are easing back from the highs reached during the US session, which could be attributed to profit-taking,“ said Kyle Rodda. “If we continue to see a situation where the US does not want to escalate the conflict in the Middle E...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →