Gold holds steady as cooler inflation eases rate hike expectations

KEY POINTS MAIN STORY Gold opened the month holding steady near $4,155 an ounce following a 0.6 per cent decline in the previous session. The stabilization follows the release of the Federal Reserve’s preferred underlying inflation measure, the personal consumption expenditure price index excluding food and energy, which rose by a milder-than-expected 0.2 per cent … Continue reading Gold holds steady as cooler inflation eases rate hike expectations