Gold climbs as markets await U.S. CPI data to gauge Fed’s stance
Written by Black Hot Fire Network on October 12, 2023
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Gold prices hit two-week highs on Thursday as the dollar and Treasury yields stumbled ahead of an eagerly awaited U.S. inflation report that could throw some light on the Federal Reserve's cautious tilt on interest rates.
Spot gold rose 0.3% to $1,879.25 per ounce by 0541 GMT, its highest level since Sept. 27. U.S. gold futures
