Gold Edges Lower as Market Weighs Chance of Another Fed Rate Cut

Gold edged lower as traders weighed the chance of another Federal Reserve interest-rate cut before the end of the year.

Bullion traded near $4,055 an ounce after a modest weekly loss. Several US central bank officials sounded a cautious note on monetary policy, though New York Fed President John Williams said he sees room for a reduction in borrowing costs in the near term. Gold pared losses on Friday after Williams’ comments but still ended the session lower.