Gold price up on easing US yields, economic data in focus

Spot gold was up 0.4% at US$1,906.80 per ounce at 1:43 p.m. EDT (1743 GMT), after hitting its highest since Jan. 8 at $1,916.40 on Tuesday. U.S. gold futures settled up 0.3% at $1,909.90.

NEW YORK: Gold prices rose on Wednesday, hovering below a near five-month peak hit the previous session, as U.S. Treasury yields pulled back, while investors awaited key economic data this week that will shed light on the outlook for inflation.

Spot gold was up 0.4% at US$1,906.80 per ounce at 1:43 p.m. EDT (1743 GMT), after hitting its highest since Jan. 8 at $1,916.40 on Tuesday. U.S. gold futures settled up 0.3% at $1,909.90.