Gold edges higher in Asian trade. Softer U.S. jobs data and lower energy prices are likely leading investors to scale back Federal Reserve rate hike bets, says UOB's global economics and markets research team in a note. Nonyielding assets such as gold are typically weighed by a higher interest-rate environment. Spot gold rises 0.2% to $4,183.50 a troy ounce.(megan.cheah@wsj.com)
Dow Jones Newswires
Gold Gains as Investors Scale Back on Fed Hike Bets — Market Talk
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Gold edges higher in Asian trade. Softer U.S. jobs data and lower energy prices are likely leading investors to scale back Federal Reserve rate hike bets, says UOB's global economics and markets research team in a note. Nonyielding assets such as gold are typically weighed by a higher interest-rate…