Gold inches higher, hovers near 2-month lows on rate-hike jitters

The dollar index eased 0.1%, making bullion less expensive for buyers holding other currencies.Data on Friday showed consumer spending, which accounts for more than two-thirds of U.S. economic activity, shot up 1.8% last month - the largest increase since March 2021.

Gold inches higher, hovers near 2-month lows on rate-hike jitters
The dollar index eased 0.1%, making bullion less expensive for buyers holding other currencies.Data on Friday showed consumer spending, which accounts for more than two-thirds of U.S. economic activity, shot up 1.8% last month - the largest increase since March 2021.