Gold News

Gold fails to hold above $1,800 as investors favor riskier assets, while WTI rises by $1.0 on soft US CPI figures

WTI increased by almost $1.0 on Wednesday as risk assets rallied more broadly as a result of lower-than-anticipated US inflation data. The announcement that oil shipments through the Druzhba pipeline have resumed and mixed US inventories limited the upside. Both copper and gold reached new one-month highs, albeit gold ultimately declined due to risk-on movements.