Gold Nears Three-Week High, Lifted by Low U.S. Inflation Data

Reuters reported that gold moved near a three-week high on Thursday, as investors gained confidence that the U.S. Fed may not scale back bond-buying immediately.

As quoted in the market report:

Traders shrugged off tighter import rules in India and outflows from other gold ETFs, pushing up prices for a sixth session out of seven on the prospect of rising demand from investors and physical buyers.

To view the whole Reuters report, click here.