Gold rises to $4,424.28 an ounce as September rate-hike fears ease ahead of Fed minutes
Spot gold extended its advance to $4,424.28 per ounce after softer U.S. jobs, inflation and retail sales data reduced expectations of a September rate increase. Market pricing now implies a nearly 65% chance the Federal Reserve will hold rates steady. Investors are awaiting the Fed’s latest meeting minutes for clues on the policy outlook. Spot silver rose 0.9%, platinum added 0.2%, and palladium slipped 0.3%.