Gold climbed 1.4% to $4,414.30 per ounce on Wednesday afternoon as the United States dollar hovered near a two-week low. The gains came ahead of crucial domestic inflation readings and followed an oil price rally above $100 per barrel.
Gold climbs over one percent as dollar drops
Spot gold rose 1.4 percent as the dollar hovered near a two-week low. Investors await crucial US inflation data this week. Traders are pricing in a potential interest rate hike.
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