Gold flat as US data lifts aggressive Fed rate-hike bets

Traders currently see a 73.5% probability the U.S. Fed continues the pace of 75-basis-point rate hikes for its next policy decision on Sept. 21 to tame soaring inflation. Although gold is seen as a hedge against inflation, rising U.S. interest rates dull bullion's appeal

Gold flat as US data lifts aggressive Fed rate-hike bets
Traders currently see a 73.5% probability the U.S. Fed continues the pace of 75-basis-point rate hikes for its next policy decision on Sept. 21 to tame soaring inflation. Although gold is seen as a hedge against inflation, rising U.S. interest rates dull bullion's appeal