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Gold $4,059.86 $42.6 1.06% Silver $54.44 $0.45 0.83% Platinum $1,541.56 $13.54 0.89% Palladium $1,032.25 $(12.18) -1.17%

Gold firms on softer dollar as U.S. inflation test looms

Gold firms on softer dollar as U.S. inflation test looms

Aug 10 (Reuters) - Gold firmed on Thursday buoyed by a softer dollar but was hemmed into a relatively tight range as traders positioned for U.S. inflation readings that could steer the Federal Reserve’s monetary policy.

Spot gold rose 0.4% to $1,921.32 per ounce by 1125 GMT, bouncing up slightly after touching its lowest level since July 10 on Wednesday. U.S. gold futures edged up 0.2% to $1,954.60...[LINK]

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