Gold prices were up more than 1 percent on Wednesday amid rising bets that the U.S. Federal Reserve will not hike interest rates anytime soon.
Spot gold traded up over 1 percent at 4,413 an ounce, rising towards a 10-week high, primarily due to a reduction in expectations of Fed rate hikes after recent data showed a surprise contraction in the U.S. jobs market. U.S. gold futures were up 0.8 percent at $4,477.30.
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Market Analysis
Gold Hovers Near 10-week High Ahead Of US Inflation Data
2026-08-12 09:48:41
