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The Economic Times

Business

Gold edges higher near two-month peak ahead of US inflation data

Gold United States Inflation US Federal Reserve Peter Grant Oil

Gold edged higher on Tuesday, hovering near a more than two-month high as traders awaited key US inflation data for clues on the Federal Reserve’s policy path, Reuters reported.

Spot gold rose 0.2% to $4,396.87 an ounce at 11:05 a.m. EDT (1505 GMT), after touching its highest level since June 5 at $4,434.84. US gold futures gained 0.8% to $4,456.10.

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