Gold posted a notable rise on Thursday.
It reached its highest level in more than two months, buoyed by diminished expectations of a U.S. interest rate hike.
This came after data was released showing a slowdown in inflation in the United States.
The price of gold in spot trading rose 0.6% to $4,433.62 per ounce by 01:08 GMT.
It had earlier jumped about 1% to its highest level since June 5.
U.S. gold futures for December delivery also rose 0.6% to $4,493 per ounce.
The rise came after Consumer Price Index data showed annual inflation slowing to 3.4% in July.
This compares with 3.5% in June, easing pressure on the Federal Reserve to raise interest rates soon.
According to the “FedWatch” tool, the probability of a rate hike at the September meeting has fallen to about 40%.
This is down from 54% a week ago, which supported gold prices as a non-yielding asset.
Markets are currently awaiting producer price data for further indications on inflation.
Among other metals, silver rose to $65.91 per ounce, platinum to $1,762.70, and palladium to $1,371.20.
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