| Gold prices nudged higher on Thursday as a weaker dollar lent support to the market and some investors recalibrated their views on U.S. interest rates. The most actively traded contract, for December delivery, rose $7.30, or 0.7%, to settle at $1,109.30 a troy ounce on the Comex division of the New York Mercantile Exchange.
The dollar retreated against other currencies after data showed prices for imported goods last month posted their largest drop since January, a sign that inflation in the U.S. remains mild. The report revived the argument that the Federal Reserve would stand pat on rates at next week’s monetary policy meeting, as officials have expressed concern that inflation remains stubbornly low...............................................Full Article: Source
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