Gold Rises amid US Inflation Data

Gold Rises amid US Inflation Data

Singapore, July 15 (QNA) – Gold inched higher on Tuesday, ahead of the release of US inflation data later in the day that could shed more light on the Federal Reserve”s interest rate path.

Spot gold was up 0.1% at $3,346.94 per ounce, US gold futures were flat at $3,355.60.

Traders’ focus now shifts to the US consumer price data for June on Tuesday.

Elsewhere, spot silver gained 0.3% to $38.24 per ounce, platinum rose 0.3% to $1,368.30, and palladium edged 0.1% higher to $1,194.52. (QNA)

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