Gold Rises to $1,980/oz on Weaker Dollar & Inflation Fears

Gold Rises to $1,980/oz on Weaker Dollar & Inflation Fears

Gold prices gained nearly 1% on Thursday as a weaker dollar and lower bond yields drove demand for the precious metal, while investors kept their eyes peeled for U.S. inflation data to gauge the Federal Reserve’s next move. Spot gold was up 0.9% at $1,980.83 per ounce by 2:53 p.m. EDT (18:53 GMT), on Thursday, March 30, having touched its highest since March 24 at $1,984.19 earlier. U.S. gold futures settled up 0.7% at $1,997.70.

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