Gold rises toward $4,400 as weak US data reduces Fed hike odds

Gold spot rose about 0.45% to near $4,396 per ounce as weak US economic data reduced the likelihood of a Fed rate hike in September, with gold approaching the $4,400 level. Traders weighed competing impacts of cooling US economic data and energy-led inflation pressure on the Fed's interest-rate path.

Detected & updated continuously · Source: Nebula

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