Gold Reclaims $5,000 as Cooling Inflation Lifts Fed Easing Bets

Gold advanced as traders raised bets on Federal Reserve rate cuts after a tame inflation reading, with some investors taking advantage of Thursday’s sharp selloff to buy the metal at a lower price. US inflation was fairly mild at the start of the year, allaying concern about a bigger jump and boosting expectations that the Fed will trim rates. Most Read from Bloomberg The yield on 10-year Treasury pushed lower after the print, with swap traders pricing in around 50% odds of a third cut by December. Tha ...