Gold breaches $1,900 mark as dollar, yields dip after US inflation data


By Brijesh Patel (Reuters) - Gold prices edged above $1,900 an ounce level on Friday, supported by a pullback in the dollar and lower bond yields, after data showing a rise in U.S. inflation was viewed inadequate to alter the Federal Reserve's easy monetary policy. Spot gold was up 0.1% at $1,900.10 per ounce, as of 0518 GMT. Prices have risen more than 0.5% this week.

U.S. gold futures rose 0.3% to $1,902.70 per ounce. Data showed U.S. consumer prices rose solidly in May, leading to the biggest annual increase in nearly.

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