• +1 (312) 549-9986

Gold $3,323.56 Silver $36.98 $0 0.01% Platinum $1,356.76 $1.02 0.08% Palladium $1,132.25 $(8.18) -0.72%

Gold stems monthly loss before key US inflation print

Gold stems monthly loss before key US inflation print

Aug 31 (Reuters) - Gold firmed near one-month highs on Thursday to cap this month’s losses as the odds of another U.S. interest rate hike were trimmed by data earlier this week pointing to a slowing labor market, while traders keep their eyes peeled for the upcoming inflation reading.

Spot gold was up 0.1% higher at $1,944.74 per ounce by 1003 GMT, close to its Aug. 2 high of $1,948.79 hit on Wednesday. U.S. gold futures were down 0.1% to $1,971.50...[LINK]

Leave your comment