Gold prices on Wednesday were near eight-week highs reached in the previous session after economic data raised expectations that the U.S. Federal Reserve is near the end of its interest rate hiking. Spot gold eased 0.2% at $1,973.69 per ounce by 1200 GMT, slightly pressured as the U.S. dollar bounced back from 15-month lows. U.S. gold futures also fell 0.2% to $1,977.30 per ounce. Prices hit their highest since May 24 at $1,984.19 before settling about 1.2% higher on Tuesday. The outlook for next week’s Fed meeting has not changed, but the latest jobs data and inflation figures have begun to anticipate rates could be ... (full story)