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Gold inches higher as softer US inflation dims October Fed hike bets
Gold edged higher on Thursday after a softer-than-expected US inflation report tempered expectations for a Federal Reserve rate hike this month, with markets looking to upcoming jobs data for further policy signals. Spot gold rose 0.5% to $4,175.19 per ounce by 0417 GMT, starting the month on a positive note after a more than 6% fall in September. US gold futures for December delivery gained 0.4% to $4,204.80. Data on Wednesday showed US inflation rose less than expected in August, while price pressures were revised lower for the prior month. The data reduced expectations of a rate hike in Oct...
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