Gold prices edged higher on Thursday, rebounding from a one-week low hit in the previous session, as the US dollar eased, while investors assessed the likelihood of a Federal Reserve interest rate increase this month after a hot inflation report.
Spot gold was up 0.7% at $4,134.08 per ounce, as of 0644 GMT, after hitting its lowest since October 7 on Wednesday. US gold futures for December delivery gained 1.2% to $4,155.50.
Spot gold was up 0.7% at $4,134.08 per ounce, as of 0644 GMT, after hitting its lowest since October 7 on Wednesday. US gold futures for December delivery gained 1.2% to $4,155.50.
