Spot Gold and COMEX Futures Up Slightly

Reuters reported that the price of gold increased slightly on bargain hunting, inflation data out of China, and increased commodity prices.

As quoted in the market news:

Spot gold edged up 0.4 percent at $1,588.20 an ounce by 12:13 p.m. EDT (1613 GMT).

U.S. COMEX gold futures for August delivery were up $9.40 at $1,588.30, with volume sharply below its norm, preliminary Reuters data showed.

Click here to read the full Reuters report.