Gold prices reversed course to gain on Wednesday as the dollar retreated after U.S. inflation readings came in mostly as expected, reinforcing expectations for a pause in the Federal Reserve's interest rate hikes.
The U.S. dollar and Treasury yields fell after the Labor Department reported that the consumer price index (CPI) rose 0.4% last month, in line with…
This story from reuters.com was posted on 2023-05-10 by @coralca.