Published: 2018.09.14. Gold Prices Rise as U.S. Dollar Falls on Weak Data
Gold prices rose on Friday as the U.S. dollar fell after lower than expected economic data.
Comex gold futures for December delivery rose 0.36% to $1,212.50 a troy ounce as of 4:32 AM ET (8:32 GMT).
Consumer prices in the U.S. rose less than expected in August, increasing 0.2% compared to expectations of a gain of 0.3%.
The inflation numbers came just a day after data showed the producer price index fell 0.1% last month.
The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.10% to 94.44.