Gold firms as dollar softens, but rate-hike fears limit gains

Rising interest rates dim bullion's appeal as they increase the opportunity cost of holding the non-yielding asset. Euro zone inflation zoomed past forecasts to hit 10% in September, a new record high that will reinforce expectations for another jumbo interest rate hike next month from the European Central Bank.

Gold firms as dollar softens, but rate-hike fears limit gains
Rising interest rates dim bullion's appeal as they increase the opportunity cost of holding the non-yielding asset. Euro zone inflation zoomed past forecasts to hit 10% in September, a new record high that will reinforce expectations for another jumbo interest rate hike next month from the European Central Bank.