Gold Prices Rose After Weaker Than Expected U.S. Inflation Data

Gold trading range for the day is 28323-28723.

Gold prices rose after weaker than expected U.S. inflation data and North Korea fired a ballistic missile, triggering safe-haven buying.

Data on U.S. second quarter gross domestic product and labor costs also pushed the dollar lower.

North Korea fired a missile in an unusual late-night test launch, and details announced by Japanese officials and media suggested it could be an intercontinental ballistic missile.

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