Gold hits three-month high ahead of inflation data

Gold prices rose to their highest level in over three months, with the price per ounce reaching $4,639.49. This increase was supported by a weakening dollar and investors' purchases, amid anticipation of US inflation data and statements from Federal Reserve officials during the Jackson Hole symposium. Inflation expectations, interest rates, and geopolitical risks are key factors influencing the price rise, along with increased demand for gold as a safe haven amid geopolitical tensions and sanctions on Iran.

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