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The Economic Times
The Economic Times
Business

Gold edges up as Brent eases, Mideast developments in focus ahead of Fed meet

Gold edged up on Friday as Brent crude retreated from above $100 a barrel, while investors assessed developments in the Middle East conflict and their implications for inflation ahead of the U.S. interest rate decision next week.

Spot gold was up 0.1% at $4,052.78 per ounce by 4:10 p.m. EDT (2010 GMT), after falling about 2% in the previous ‌session. Prices were ⁠up ⁠0.9% for the week so far, supported by dip-buying earlier in the week.

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