Gold Slips With Higher Dollar as Traders Weigh Fed Rate Outlook

Gold declined as a dollar gauge rose to the highest level since Sept. 11, weighing on bullion that’s priced in the greenback.

Still, prices of the precious metal weren’t far from the all-time high hit on Tuesday, with investors awaiting key US inflation and jobs data. The Fed’s preferred measure of underlying inflation likely grew at a slower pace last month, which would boost the argument for rate cuts, potentially aiding non-yielding bullion.