Gold prices rose on Thursday, supported by a weaker dollar and hopes for a U.S. interest rate cut, while the focus shifted to key U.S. inflation data.
Spot gold rose 0.5 percent to $2,513.77 an ounce. The yellow metal hit an all-time high of $2,531.60 on Aug. 20 and has gained 22 percent so far this year. U.S. gold futures rose 0.4 percent to $2,546.80.
Source (Al-Khaleej Emirati Newspaper, Edited)
