First Squawk(@FirstSquawk):GOLD EDGES HIGHER AS TRADERS ASSESS US INFLATION AND FED REMARKS Gold prices edged higher by as much as 0.8% to above $4,050 an ounce in Asian trading, recovering part of the previous session’s 2.6% decline. The rebound followed stronger-than-expected US inflation data and hawkish comments from Federal Reserve officials, which increased expectations of another interest rate hike in December. Traders are now fully pricing in a 0.25-percentage-point Fed rate hike, creating pressure on gold as higher interest rates make the non-yielding metal less attractive. However, gold has remained above the key $4,000-an-ounce level, supported by safe-haven demand and continued central-bank purchases. Silver, platinum and palladium also recorded gains.

8hours ago

GOLD EDGES HIGHER AS TRADERS ASSESS US INFLATION AND FED REMARKS Gold prices edged higher by as much as 0.8% to above $4,050 an ounce in Asian trading, recovering part of the previous session’s 2.6% decline. The rebound followed stronger-than-expected US inflation data and hawkish comments from Federal Reserve officials, which increased expectations of another interest rate hike in December. Traders are now fully pricing in a 0.25-percentage-point Fed rate hike, creating pressure on gold as higher interest rates make the non-yielding metal less attractive. However, gold has remained above the key $4,000-an-ounce level, supported by safe-haven demand and continued central-bank purchases. Silver, platinum and palladium also recorded gains.