Gold Heads for Biggest Monthly Gain Since July on Inflation Bets – Yahoo Canada Finance
(Bloomberg) — Gold headed for the biggest monthly advance since July, with inflation risks in focus ahead of key U.S. jobs data due later this week that will offer clues on the economic recovery.
Some Federal Reserve officials have said that recent price pressures are to be expected as the economy reopens amid pent-up demand, and should prove temporary as supply glitches abate. The PCE price index — which the Fed uses for its inflation target — rose 3.6% from a year earlier, the biggest jump…
