Gold hits three-month high before US inflation data

Gold prices reached their highest level in over three months, as investors awaited U.S. inflation data and the Federal Reserve Chairman's speech. The spot price of an ounce stood at $4,636.34, while futures traded at $4,694.80, supported by a decline in the dollar, which enhances gold's appeal as a store of value. Analysts expect prices to continue rising, as demand for the precious metal as a safe haven persists amid geopolitical tensions and global economic events.

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