Gold prices posted a slight increase on Thursday, as weaker-than-expected U.S. producer price index data reinforced already strong expectations that the U.S. Federal Reserve will cut interest rates next week. Investors are also awaiting key U.S. consumer inflation data for further signals.
Spot gold rose 0.1 percent to $3,645.04 per ounce, while gold had previously reached an all-time high of $3,673.95 per ounce. Meanwhile, U.S. gold futures for December delivery increased 0.1 percent to $3,682.90.
