New York, January 12 (QNA) – Gold prices rose on Thursday, supported by a softer dollar, while market participants awaited US inflation data that could influence the Federal Reserve’s policy path.
Spot gold was up 0.4 percent at $1,883.00 per ounce. US gold futures also rose 0.4 percent to $1,886.30.
The dollar index wobbled near a seven-month low, while benchmark US 10-year Treasury yields also fell. A weaker dollar makes greenback-priced bullion more appealing to other currency holders.
Silver gained 0.8 percent to $23.61, platinum fell 0.2 percent to $1,068.81 and palladium inched 0.7 percent higher to $1,786.85. (QNA)