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Gold trims gains after US inflation data
10.16.2015
Gold pared gains after rising to its highest level in three and a half months on Thursday after stronger than expected reading of inflation in the United States pushed the dollar to rise.
And revived the data - which showed a steady rise in core inflation pressures - speculation that the Federal Reserve (Fed) may raise interest rates later this year.
The price of gold in the spot contracts 0.1 percent to $ 1185.73 an ounce (an ounce) pm 1856 GMT, after rising to $ 1190.63 highest price since June 22 and posted gains for the fifth session in a row.
And increased US gold futures December delivery to $ 7.70 an ounce to $ 1187.50.
And settled in the spot price of silver trading at $ 16.12 an ounce after touching its highest level since late July of $ 16.19.
And platinum rose 0.5 percent to $ 1000.50 an ounce and palladium rose 0.6 percent to $ 701.75 for Ooukah.anthy / 29 / d 24
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10.16.2015
Gold pared gains after rising to its highest level in three and a half months on Thursday after stronger than expected reading of inflation in the United States pushed the dollar to rise.
And revived the data - which showed a steady rise in core inflation pressures - speculation that the Federal Reserve (Fed) may raise interest rates later this year.
The price of gold in the spot contracts 0.1 percent to $ 1185.73 an ounce (an ounce) pm 1856 GMT, after rising to $ 1190.63 highest price since June 22 and posted gains for the fifth session in a row.
And increased US gold futures December delivery to $ 7.70 an ounce to $ 1187.50.
And settled in the spot price of silver trading at $ 16.12 an ounce after touching its highest level since late July of $ 16.19.
And platinum rose 0.5 percent to $ 1000.50 an ounce and palladium rose 0.6 percent to $ 701.75 for Ooukah.anthy / 29 / d 24
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