Economy: Global Gold Prices Rise
Spot gold prices rose in morning trade on Wednesday, a day before the release of inflation data in the United States, the figures of which could affect prices for the yellow metal.
On Thursday, the US Bureau of Labor Statistics will release data on US market inflation last December, amid estimates of growth of 6.5% from 7.1% the previous November.
Gold prices benefited this week from employment data in the United States, which showed slowing wage growth, which means a possible drop in inflation, due to the weakness of the consumer demand.
In morning trading on Wednesday, spot gold prices rose 0.45%, or $15, to $1,883.3 an ounce.
Gold prices recorded at the start of the session are the highest since the beginning of last May.
** Oil prices are falling
By contrast, global oil futures prices fell in early trading on Wednesday after the emergence of preliminary data showing a sudden increase in crude inventories in the United States.
Brent crude futures for March delivery fell 0.60%, or 49 cents, to $79.68 a barrel.
U.S. West Texas Intermediate crude futures for February delivery also fell 0.85%, or 60 cents, to $74.60 a barrel.
Miss OLY
