Gold rises modestly from six-month low

Gold prices rose today, Thursday, from a six-month low, reaching $4,089.12 per ounce due to short covering activities, after hitting a low of $4,022.09. Investors are anticipating that a U.S. inflation report may increase the likelihood of a Federal Reserve rate hike, while rising inflation driven by energy prices and escalating geopolitical tensions has caused oil prices to jump over two dollars.

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