Gold prices rose to a one-week high on Tuesday as the dollar weakened after a slower-than-expected rise in US inflation led to uncertainty over the timeframe for the Federal Reserve to scale back monetary stimulus.
And gold rose in spot transactions 0.6 percent to $ 1804.30 an ounce by 1800 GMT.
And US gold futures rose 0.7 percent to settle at $1,807.10 an ounce.
The core US consumer price index rose 0.1 percent in August, defying expectations for an increase of 0.3 percent, which negatively affected the US dollar. It was the smallest increase since February and followed a 0.3 percent increase in July.
The inflation data may reinforce the view that the US central bank may go slowly in ending economic support measures and keep interest rates low. Gold benefits from low interest rates because it reduces the cost of holding the precious metal, which does not generate returns.
Among other precious metals, palladium fell 5.12 percent to $ 1980.30 an ounce, its lowest level since July 2020, while platinum fell 1.7 percent to $ 944.26. Palladium losses since the beginning of September amounted to about 20 percent.
Silver rose 0.57 percent to $23.85 an ounce.
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