Gold prices hit a one-month high on Thursday, as the dollar and U.S. bond yields eased while investors assessed how strong inflation data could shape monetary policy.
Spot gold rose 0.4% to $1,799.30 per ounce by 1100 GMT, having earlier hit its highest since Sept. 15 at $1,799.95. U.S. gold futures gained 0.4% to $1,801.30.
The dollar and benchmark U.S. 10-year Treasury yields slipped. A weaker dollar makes gold cheaper for buyers in other currencies.
KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.