Gold Holds Two-Day Gain on Reduced Rate-Hike Expectations

Gold held a two-day gain as reduced expectations for an interest-rate hike by the Federal Reserve weighed on the US dollar, making bullion cheaper for most buyers.

European shares edged higher as gains in basic resources and technology stocks offset weakness in defensive sectors. A softer dollar, weaker US economic data and firmer gold prices supported sentiment, while investors continued to monitor Federal Reserve policy expectations,…