Gold Declines as Investors Weigh Scope of US Monetary Path
Gold is up about 20% this year and trading within $20 of its record high set last month.
Photographer: Andreas Gebert/BloombergThis article is for subscribers only.
Gold erased an earlier gain after US data showed inflation eased in July, keeping the Federal Reserve on track to lower interest rates next month.
Bullion slipped as much as 0.9% on Wednesday, though it’s still trading near the record high reached last month. While the core consumer price index — which excludes food energy costs — rose on an annual basis, it was still the slowest pace since early 2021, the US figures showed.