Commodities
Dollar Eases as Gold Prices Rise Amid Inflation Data Looms
Gold prices are on the rise as the US dollar eases, making gold more affordable for holders of other currencies.
The spot price of gold is up 0.3% at $4,418.79 per ounce, while U.S. gold futures for December delivery are down 0.3% at $4,464.80.
The US dollar index slipped 0.3%, which has increased the appeal of gold as a safe-haven asset.
Traders currently see a 60% chance of a rate hike at the Fed's policy meeting next week, according to the CME FedWatch Tool.