Gold prices rose for the third consecutive session, Thursday, April 13, as lower-than-expected US inflation data boosted bets that the Federal Reserve may raise interest rates again next month and then halt the increases.
Gold in instant transactions rose 0.1% to 2016.99 dollars an ounce.
US gold futures rose 0.3% to $2,030.70.
Gold prices rose more than 1% on Wednesday after data showed that the consumer price index in the United States rose 0.1% last month, compared to expectations for a 0.2% increase, after rising 0.4% in February.
Gold is a hedge against inflation, but high interest rates reduce the attractiveness of the yellow metal, which does not yield a return.
As for other precious metals, silver increased in spot transactions by 0.1% to $25.50 an ounce, platinum settled at $1015.06, and palladium rose 0.3% to $1464.16.
