Gold Price Rises
as Cooler Inflation Data Lend Support
Washington,13
Mar (ONA) — Gold prices rose today, while a cooler-than-expected U.S.
inflation print also supported bullion by strengthening expectations of rate
cuts.
Spot gold
was up 0.4% at $2,943.03 an ounce, as of 0522 GMT, while U.S. gold futures
firmed 0.2% to $2,951.90, Reuters reported.
Spot silver
fell 0.5% to $33.05 an ounce, platinum lost 0.5% to $979.09, while palladium
gained 0.6% to $954.05.
—Ends/Thuraiya/AG
