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Gold rises to over two-month peak as spot price hits $4,406.64 on US inflation data
Spot gold rose 0.9 percent to $4,406.64 per ounce by 17:30 GMT, and climbed above the 100-day moving average
Gold rose to a more than two-month high on Wednesday after a US inflation reading matched expectations.
Spot gold rose 0.9 percent to $4,406.64 per ounce by 17:30 GMT, and climbed above the 100-day moving average, which is currently at $4,387.22. Bullion climbed more than 1 percent to its highest level since 5th June earlier in the session.
US gold futures settled 0.6 percent higher at $4,467.5.
Among other metals, spot silver rose 1.3 percent to $65.49 per ounce, having hit its highest level since 22nd June earlier in the session.
Platinum rose 0.9 percent to $1,759.50, and palladium gained 0.5 percent to $1,367.23.