Gold climbs 1%, near 2-month peak in run-up to US CPI report
Gold prices rose more than 1% on Wednesday, supported by easing expectations for a Federal Reserve rate hike next month as market participants awaited pivotal U.S. inflation data that is likely to shed light on the central bank’s future policy path. Spot gold rose 1.1% to $4,413.69 per ounce by 1045 GMT. U.S. gold futures for December delivery rose 0.7% to $4,473.10 per ounce. Bullion climbed to…
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