Gold Rises to Two-Month High as Investors Seek Inflation Hedge
- March rate increase almost a done deal: Bloomberg Economics
- The greenback also weakens amid improving risk sentiment
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Gold advanced to a two-month high as investors sought the metal for an inflation hedge amid falling yields across the U.S. Treasury curve.
U.S. stocks slipped in choppy trading as investors assessed outlooks for earnings growth amid the potential for monetary policy tightening. Falling bond yields and a weaker greenback help boost bullion’s appeal.