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.