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Commodities

Weaker Dollar Lifts Gold Prices Ahead of Key Inflation Data

Guavy AI Editorial Team
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Gold
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Gold prices inched higher on Thursday, buoyed by a weaker US dollar and market anticipation of key inflation data from the United States.

The spot gold price rose 0.3% to $4,412.84 per ounce as of 0234 GMT, while U.S. gold futures for December delivery fell 0.1% to $4,457.10.

Market participants are eagerly awaiting the release of US inflation data, which could influence the Federal Reserve's interest-rate path and impact gold prices.

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