World · 1 hour ago
Gold prices climb as the US dollar drops ahead of inflation data
Spot gold rose 0.6% on Tuesday, with traders watching upcoming US inflation figures due later this week. The US dollar index fell 0.4%, making dollar-priced metals cheaper for international buyers. Traders currently believe there's a 60% chance of a US interest rate hike next week.
Reported by cnbc.com · How we write briefs
