Gold prices climbed higher on Friday as the dollar turned easy amid rising expectations the Federal Reserve will slow down the pace of interest rate hikes after data showed a slowdown in U.S. inflation.
Data from the Labor Department on Thursday showed U.S. consumer inflation edged down by 0.1% in December after inching up by 0.1% in November.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com