Gold Adds to Advance Before US Data That May Shape Fed Rate Move
- Swaps traders expect Fed to cut interest rates next week
- Copper is flat after gains following China growth pledge
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Gold rose for a third day as traders shifted their focus to key US inflation reports due this week that may shape expectations ahead of the Federal Reserve’s final interest-rate decision of the year.
The three-day advance helped bullion break its recent tight range after declining in November following Donald Trump’s decisive election win, which boosted the US dollar.