London-Sana
Gold prices recovered today from their lowest level in more than a week after data showing a sharp increase in inflation in the United States, which strengthened the appeal of the precious metal as a hedge against inflation and pushed the dollar to decline.
Reuters reported that the price of gold in spot transactions rose 0.77 percent to $ 1745.70 an ounce.
US futures rose 0.9 percent to settle at $ 1747.60 an ounce.
Among other precious metals, silver rose 2 percent to $ 25.35 an ounce, while palladium rose 0.54 percent to $ 2690 an ounce, and platinum fell 1.1 percent to $ 1156.80 an ounce.