Gold declined as a dollar gauge rose to the highest level since Sept. 11, weighing on bullion that’s priced in the greenback. Still, prices of the precious metal weren’t far from the all-time high hit on Tuesday, with investors awaiting key US inflation and jobs data. The Fed’s preferred measure of underlying inflation likely grew at a slower pace last month, which would boost the argument for rate cuts, potentially aiding non-yielding bullion. Most Read from Bloomberg Gold and silver have been among ...

Consumer inflation heated up in August — accelerating slightly from a month earlier although not enough to discourage bets that the Federal Reserve will start cutting interest rates next week. The Consumer Price Index rose 2.9% in August compared to the previous year, speeding up from 2.7% in July, the Bureau of Labor Statistics said Thursday.It jumped 0.4% from the previous month, above expectations of a 0.3% increase.On a core basis, which excludes volatile food and energy prices, the CPI rose 3.1% over t ...