Gold prices edged up on Thursday buoyed by persistent inflation concerns, with further gains in bullion clipped by expectations that the Federal Reserve may hasten its monetary tightening to tame rising prices. Spot gold rose 0.12% to $1,790.70 per ounce by 1250 GMT, recovering some ground after slipping to its lowest since Nov. 4 on Wednesday. U.S. gold futures gained 0.4% to $1,791.40. Trading is likely to be thinned by the U.S. Thanksgiving holiday. “Gold still has some recovery potential on anticipation of high inflation figures. But essentially, with the Fed pursuing the ongoing tapering, that should push up ... (full story)