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Gold Rises on Cooler US Inflation Data

Gold prices increased as softer than expected US inflation data lowered expectations of a Federal Reserve rate hike. However rising Treasury yields and a strong dollar limited further gains for the precious metal.

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FILE PHOTO: UK gold bullion bars are stacked at Baird & Co in Hatton Garden in London, Britain, October 8, 2025. REUTERS/Hiba Kola/File Photo

Gold rose 0.6% to $4,183.22 per ounce on Thursday morning, driven by softer-than-expected United States inflation data that dialled back near-term interest rate hike expectations.
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