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Forex

Gold Edges Higher as Weaker Dollar Boosts Prices Ahead of Inflation Data

Guavy AI Editorial Team
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USD
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Gold prices edged higher on Thursday due to a weaker US dollar, ahead of key inflation data releases in the United States. Spot gold was up 0.3% at $4,414.28 per ounce as of 0419 GMT.

The market is awaiting the release of US producer price index data at 1230 GMT and consumer inflation figures scheduled for Friday.

Analysts said a weaker dollar made dollar-priced metals less expensive for holders of other currencies.

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