Gold Regains Ground on Softer US Dollar

Gold prices gained on Thursday, helped by a weaker US dollar and Treasury yields, as investors waited for more US data to gauge the outlook for interest rates after a key inflation report dampened hopes for a larger cut in September. Spot gold was up 0.2% at $2,452.69 per ounce, after prices fell the most since Aug. 6 on Wednesday. US gold futures were up 0.4% at $2,490.10. Among other metals, spot silver gained 0.4% to $27.7 per ounce, platinum rose 1.1% to $930.00 and palladium fell 0.6% to $929.75. Source: Qatar News Agency