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Gold Rises Nearly 1% as World Awaits US Inflation DataSingapore, 12 Aug (ONA) — Gold rose nearly 1% today, supported by reduced expectations on Federal Reserve tightening next month as investors awaited key US inflation data that could reshape policy expectations. Spot gold gained 0.9% to $4,406.34 per ounce. US gold futures for December delivery rose 0.6% to $4,466.70. Bullion climbed to a 10-week high on Tuesday before hitting technical resistance at the 100-day moving average around $4,387 and closing lower for the second time this month. Spot silver was up 1.2% at $65.46 per ounce, trading below its highest level since June 22 hit on Tuesday. Platinum rose 0.6% to $1,754.10 and palladium gained 0.8% to $1,370.86.—Ends/AG
