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Gold Prices Fall as Dollar Recovers

October 13, 2018 / in.investing.com
Investing.com - Gold prices were lower on Friday as the greenback recovered from a two-week low as inflation pressures eased.Comex gold futures for December delivery fell 0.39% to $1,222.80 a troy ounce as of 8:58 AM ET (12:58 GMT), after recording its largest daily percentage gain on Thursday since June 2016 amid a selloff in equities.Cooling inflation data and rate hike expectations lead to a rise in the greenback, which pressured gold.Data on Thursday showed that consumer prices rose less than expected in September, but still pointed to a steady increase in inflation, keeping pressure on the Federal Reserve to stick to its plan for gradual interest rate hikes.Rising interest rates are likely remain a concern for gold prices. Interest rate increases and higher U.S. bond yields dampen app...

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Gold
1,226.64
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Platinum
842.00
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Palladium
1,083.60
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Aluminum
0.93
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Cobalt
26.31
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Iron Ore Fines
71.00
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