Gold rises as contained inflation data bolstered the Federal Reserve’s decision to go slow on raising rates, while investors track high-level trade talks between U.S., China in Beijing.
Spot gold +0.2% to $1,308.35/oz at 7:11am in London. Bloomberg Dollar Spot Index -0.1% after ending Weds at highest since Jan. 2; index is heading for first back-to-back weekly gains this year.
A key measure of U.S. inflation was little changed in January, while the broader gauge slowed on energy costs. Investors are keeping tabs on the progress of trade negotiations, with President Donald Trump considering pushing back the deadline for imposition of higher tariffs on Chinese imports by 60 days.
Source : Bloomberg