Spot gold rose 1.3% to $4,158.63 an ounce on Thursday, recovering from a one-week low as the dollar weakened and investors assessed the outlook for US interest rate hikes.
US gold futures for December delivery climbed 1.8% to $4,180 an ounce after the dollar retreated from an 18-month high.
US consumer prices accelerated in September, driven by higher gasoline costs, adding to uncertainty over the path of interest rates.
San Francisco Federal Reserve President Mary Daly said the central bank may need to raise short-term interest rates, but indicated that there was no need to increase them at its meeting scheduled for October 27-28.
Markets are awaiting US producer price and retail sales data due later on Thursday.
Among other precious metals, silver rose 1.1% to $56.26 an ounce, platinum gained 0.3% to $1,611.15, and palladium climbed 1.3% to $1,107.83.
Source: Reuters
