Economic news

Gold edges up for third straight session as dollar dips

Gold futures climbed for a third consecutive session on Wednesday though rise was capped ahead of a release of U.S. inflation data.

April gold rose 0.2%, to $1,333.60 an ounce. Dollar Index DXY sank less than 0.1%. March silver advanced 0.25% to $16.575 an ounce.

Investors focused on the U.S. Labor Department's report for January on consumer prices. There are worries that if CPI rises higher than anticipated, it could affect the Federal Reserve’s interest-rate hiking plans.

A renewed wave of selling on the equities markets would send investors into safe havens, such as gold.

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