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July 12 – Gold prices were near three-week highs on Wednesday as investors held their breath ahead of the much awaited U.S. inflation data that could drive the Federal Reserve’s upcoming interest rate decisions.
Spot gold gained 0.1% to $1,934.48 per ounce by 0824 GMT, while U.S. gold futures added 0.2% to $1,939.90.
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Prices touched their highest since June 20 earlier in the session as the dollar index (.DXY) fell to its weakest level in two months, making bullion cheaper for overseas buyers.
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