London, November 10 (QNA) – Gold prices rose on Thursday, supported by the decline of the dollar, but they are moving within a relatively narrow range amid caution ahead of the publication of US inflation data, which may affect the future decisions of the Federal Reserve (the US central bank) regarding raising prices benefit.
Spot gold rose 0.3 percent to USD 1,710.62 an ounce, while US gold futures settled at USD 1,713.70.
The dollar index fell 0.3 percent, and the decline of the US currency makes gold priced in dollars more attractive to holders of other currencies. (QNA)
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