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00:02Gold held near $4,385 an ounce Wednesday as President Trump appeared to rule out prolonged
00:09military action in the Middle East, according to Bloomberg. Bullion rose 1% the previous day,
00:15snapping a three-day decline as oil's rally slowed following Trump's comments that the
00:19latest attacks on Iran would likely be short-lived. The dollar edged lower after a sharp increase in
00:25the yen, supporting gold's appeal for investors holding other currencies. New York Fed President
00:30John Williams said, inflation continues to ease as tariff effects fade and higher energy prices
00:36have not spread to other services, while slower August job growth further reduced expectations
00:41for an interest rate hike. The comments followed Fed Chairman Kevin Warsh's hawkish Friday speech,
00:46which had raised expectations that the central bank could lift rates at its meeting in two weeks.
00:51Spot gold rose 0.1% to $4,386.94 an ounce, while silver gained 0.1% to $1
01:01.65.38.
01:02For all things money, visit Benzinga.com.
