Gold prices edge lower in early Asian trade, retreating from its recent rise as investors see the potential of another Fed rate hike. While the uncertain economic backdrop helped push gold above $2,000/oz, the high inflation has seen expectations of further rate hikes rise, putting downward pressure on the precious metal, say ANZ analysts in a note. Spot gold is 0.1% lower at $1,985.37/oz.
(bingyan.wang@wsj.com)
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