Gold steadied near a more than two-month high on Thursday as traders paused after a rally fuelled by cooling US inflation, with attention turning to an upcoming producer price report for clues to prospects of near-term Federal Reserve rate hikes. Spot gold was little changed at $4,408.55 per ounce by 0336 GMT, after jumping about 1% earlier to its highest since June 5. US gold futures for…
Welcome back to City AM liveblog. Oil prices are hovering around the $88 per barrel mark as investors asses the conflicting rhetoric over the Strait of Hormuz.
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TOKYO: The dollar’s advance stalled on Thursday after an overall benign US inflation reading overnight spurred traders to pare back bets for a near-term Federal Reserve interest rate hike.
