TRD: Gold up as dollar weakens on US inflation data
Spot gold gained by nearly half a per cent on Thursday, after falling for four consecutive sessions, as tame US inflation data pushed the dollar off its rally, supporting bullion.
Spot gold rose by half a per cent to $1,342.75 an ounce by 0035 GMT.
US gold futures gained 0.4 per cent to $1,342.
The rally that drove the dollar to seven-week highs fizzled early in Asia on Thursday after subdued US inflation data bolstered the Federal Reserve's case for pumping more stimulus into the economy.-Reuters
