Gold Rises as Inflation Risks Persist

Gold prices rose on Wednesday, as concerns about inflation kept some investors wary, but the gains were limited by expectations that higher prices could prompt central banks to raise interest rates, which also lifted the dollar.

And gold rose in spot transactions 0.6 percent to $ 1860.21 an ounce by 0912 GMT. US gold futures rose 0.5% to $1,862.40.

As for other precious metals, silver prices in spot transactions rose 1.13 percent to $ 25.08 an ounce, platinum increased 0.8 percent to $ 1069.33, and palladium rose 0.1 percent to $ 2161.68.