Gold Declines as Jump in US Inflation Lifts Rate-Hike Odds

Gold fell a second day after accelerating US inflation lifted the odds of the Federal Reserve raising interest rates this year.

Bullion was trading around $4,695 an ounce, after sliding 0.4% on Tuesday. The US consumer price index jumped the most since 2023 in April. After adjusting for inflation, wages fell for the first time in three years.