Market News / Story
Gold edges higher near nine-week low as Hormuz tensions lift Fed hike bets
uk.investing.com ·
AI-assisted briefing: Gold edged up on Thursday after hitting its lowest level since early August. The publisher's preview said renewed tensions around the Strait of Hormuz kept inflation risks elevated and strengthened expectations of another Federal Reserve rate increase this year. At 21:36 ET (01:36 GMT), XAU/USD was up 0.6% at $4,134.19 an ounce.