India, Aug. 13 -- Gold prices inched lower on Thursday, after having surged to a two-month high earlier on signs of cooling U.S. inflation and increased bets the Federal Reserve would leave its policy rate unchanged at its September meeting.
Spot gold fell 0.6 percent to $4,384.03 an ounce after hitting a peak of $4,449.71 earlier. U.S. gold futures were down 0.6 percent at $4,441.51.
The U.S. dollar held steady after the annual rates for both U.S. headline and core inflation eased slightly from June, easing pressure on the Federal Reserve to raise interest rates.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....