Bengaluru — Gold prices climbed on Thursday, aided by growing US inflationary pressure, though gains were curbed as the dollar rebounded and US treasury yields rose after Federal Reserve policymakers hinted at a possible shift in future policy.
Spot gold was up 0.4% at $1,877.15/oz by 3.37am GMT. US gold futures eased 0.2% to $1,877.50. “What’s driving gold and will continue to drive it higher from here is the fact that inflation is now very ingrained...
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