Gold prices rose on Thursday to their highest level in nearly a month, supported by the decline in the dollar, after US inflation data that boosted hopes that the Federal Reserve will soon stop tightening its monetary policy.
US consumer prices rose slightly in June and recorded their lowest annual increase in more than two years as inflation continued to decline, but perhaps not fast enough to stop the Federal Reserve from continuing to raise interest rates later this month.
The dollar fell by 1 percent, Wednesday, to its lowest level in more than a year after US inflation data, which made gold more attractive to holders of other currencies.
US Treasury bond yields for ten years fell to 3.8770 percent.
