Gold tops $1,900/oz mark as dollar, bond yields dip after US data


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 $1,900.40 per ounce, as of 0658 GMT. Prices have risen more than 0.5% this week.

U.S. gold futures rose 0.4% to $1,903.90 per ounce. Data showed U.S. consumer prices rose solidly in May, leading to the biggest annual increase in nearly 13 years, while weekly jobless.

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