Gold inches higher as soft US PPI data fuels rate cut bets; CPI in focus
Gold edged up on Thursday, as softer-than-expected U.S. producer price index (PPI) data reinforced already strong expectations for a Federal Reserve interest rate cut next week, while investors awaited key consumer inflation data for further cues. FUNDAMENTALS * Spot gold was up 0.1% at $3,645.04 per ounce, as of 0044 GMT. Bullion hit a record…
