Gold Rises as Dollar Eases Ahead of US Inflation Data

Gold prices have risen as the US dollar eases, with investors focusing on upcoming inflation data that could influence the Federal Reserve's next policy move.

The spot gold price has increased by 0.3% to $4,418.79 per ounce, while US gold futures for December delivery are down 0.3% at $4,464.80.

The decline in the US dollar index by 0.3% makes gold more affordable for holders of other currencies.

Thursday's release of the US producer price index data and Friday's consumer price index data will be closely watched, as they could impact expectations for a rate hike at the Fed's policy meeting next week.