Gold Pushes Toward $4,200 As Soft ADP Cools Fed Hike Bets

Gold climbed toward $4,200 an ounce after weaker-than-expected July ADP private payrolls data reduced expectations for another Federal Reserve rate hike, while a softer U.S. dollar and easing inflation concerns added support. Silver also rallied strongly as investors shifted focus to upcoming U.S. employment data for further clues on the Fed’s next policy move.