Gold gains as investors await US CPI

Gold prices increased Wednesday as investors awaited the US consumer price inflation report for insights into the Federal Reserve’s interest rate plans.

Spot gold prices increased at 6:55 AM GMT by 0.14 per cent to $2,681.17 per ounce, compared to the previous closing price of $2,677.35.

Meanwhile, US gold futures rose 0.50 per cent to $2,681.17, compared to Tuesday’s closing of $2,682.3.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama