Gold prices climb above US$1,900

Business | 11 Jun 2021 3:30 pm

Gold prices edged above US$1,900 an ounce level on Friday, supported by a pullback in the dollar and lower bond yields, after data showing a rise in U.S. inflation was viewed inadequate to alter the Federal Reserve's easy monetary policy, Reuters reports.

Spot gold was up by 0.1 percent at US$1,900.40 per ounce, as of 0658 GMT. Prices have risen by more than 0.5 percent this week. U.S. gold futures added 0.4 percent at US$1,903.90 per ounce.



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