US gold futures settled at $1,776.
Biden said United State And its allies in NATO are investigating the explosion that killed two people in Poland, but preliminary information excludes that it was caused by a missile launch from Russia. Moscow denied responsibility.
Biden’s comments lifted sentiment in financial markets in general, as the MSCI index, the broadest in Asia-Pacific shares outside Japan, rose 2 percent.
Meanwhile, data on Tuesday showed producer prices in the United States rose less-than-expected in October, further evidence that inflation began to recede.
The data, which followed last week’s announcement of a smaller-than-expected increase in consumer prices in October, raised hopes that the US Federal Reserve will slow the pace of interest rate hikes, capping how low gold prices can fall.
As for other precious metals, spot silver rose 0.2 percent to $21.58 an ounce. Platinum fell 0.5 percent to $1,009.62, and palladium fell 0.8 percent, to $2,081.50.
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retreat gold In spot transactions, it rose 0.3 percent to $1,772.95 an ounce by 0714 GMT, after hitting its highest level since August 15 on Tuesday.
US gold futures settled at $1,776.
Biden said United State And its allies in NATO are investigating the explosion that killed two people in Poland, but preliminary information excludes that it was caused by a missile launch from Russia. Moscow denied responsibility.
Biden’s comments lifted sentiment in financial markets in general, as the MSCI index, the broadest in Asia-Pacific shares outside Japan, rose 2 percent.
Meanwhile, data on Tuesday showed producer prices in the United States rose less-than-expected in October, further evidence that inflation began to recede.
The data, which followed last week’s announcement of a smaller-than-expected increase in consumer prices in October, raised hopes that the US Federal Reserve will slow the pace of interest rate hikes, capping how low gold prices can fall.
As for other precious metals, spot silver rose 0.2 percent to $21.58 an ounce. Platinum fell 0.5 percent to $1,009.62, and palladium fell 0.8 percent, to $2,081.50.