Gold rises on softer US inflation data
Spot gold gained as softer-than-expected US PCE inflation data reduced bets of a Federal Reserve rate hike in October to 36%; silver and platinum also rose. Gold had fallen over 6% in September.
Original · Reuters AI summary of public reporting
Why: Softer US PCE data → lower Fed hike odds
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Prices since publication
At publication → CurrentGOLD— → 4,191—
SILVER— → 60.78—
PLATINUM— → 1,690—