Published: 2018.09.14. Gold Prices Rise as U.S. Dollar Falls on Weak Data

Gold Prices Rise as U.S. Dollar Falls on Weak Data - Preview

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.