By Reuters
Gold rose on Wednesday, helped by a slight pullback in the dollar and bond yields, while investors digested data showing an increase in U.S. consumer prices last month and waited for further clarity on U.S. President Donald Trump鈥檚 trade policy.
Spot gold was up 0.5% at $3,337.29 per ounce, as of 0550 GMT. U.S. gold futures edged 0.2% higher to $3,343.90.
The dollar index eased from a one-month peak, making gold more attractive for other currency holders. Benchmark U.S. 10-year Treasury yields retreated from multi-week highs.
鈥淢any countries are still negotiating with the U.S. on the tariffs. There are still a lot of uncertainties in the market and many are looking for safe havens,鈥 said Brian Lan, managing director at GoldSilver Central, Singapore.
Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1. However, Trump said on Monday he was open to further negotiations.
U.S. consumer prices increased in June by the most in five months a