Gold firms as dollar rally pauses, geopolitical tensions simmer
Updated : May 10, 2018 06:36 PM IST
The dollar slipped from a 4-1/2 month peak after U.S. data showed the consumer price index rose 0.2 percent in April versus forecasts for a 0.3 percent increase.
Spot gold rose by 0.6 percent to $1,319.66 an ounce by 1237 GMT. U.S. gold futures for June delivery were also up 0.6 percent at $1,321.40.
Israel said on Thursday that it had attacked nearly all of Iran's military infrastructure in Syria after Tehran fired rockets at Israeli-held territory for the first time.
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