Gold Rises 1% as Dollar Eases From One-Week Low
Spot gold rose 1% to $4,146.74 on Thursday as the US dollar eased. Investors assessed the likelihood of a Federal Reserve rate increase this month after a hot inflation report.
Gold prices advanced 1% on Thursday, recovering from a one-week low reached in the previous session as the US dollar weakened. Investors also weighed the prospect of a Federal Reserve interest rate increase this month following a hot inflation report. 74.