Gold Prices Firm with US Inflation Data in Focus

Gold prices edged up on Thursday, aided by a weaker dollar and hopes of a Federal Reserve interest rate cut, while focus turned to a key US inflation print. Spot gold was up 0.5% to $2,513.77 per ounce, while US gold futures rose 0.4% to $2,546.80. Bullion hit a record high of $2,531.60 on Aug. 20 and is up nearly 22% this year so far. Among other metals, spot silver rose 0.91% to $29.38 per ounce, platinum climbed 0.5% to $934.52 and palladium edged 0.3% higher to $948.95. Source: Qatar News Agency