Gold futures rose as US inflation data weakened and central banks increased their gold purchase plans. Gold futures rose 0.35% to $2956.90 an ounce, close to an all-time high of $2,974 an ounce. SP Angel analysts said in a report that after the US CPI data was released on Wednesday, the price of gold rose because this data showed lower than expected inflation. This has raised hopes that the Federal Reserve will ease monetary policy, which is beneficial to poor gold. SP Angel said that in the face of market fluctuations, gold was also driven by safe-haven demand. Analysts also said that at the same time, Bolivia's state-owned gold traders have outlined plans to triple gold purchases this year to increase the country's central bank's foreign exchange reserves.

Gold futures rose as US inflation data weakened and central banks increased their gold purchase plans. Gold futures rose 0.35% to $2956.90 an ounce, close to an all-time high of $2,974 an ounce. SP Angel analysts said in a report that after the US CPI data was released on Wednesday, the price of gold rose because this data showed lower than expected inflation. This has raised hopes that the Federal Reserve will ease monetary policy, which is beneficial to poor gold. SP Angel said that in the face of market fluctuations, gold was also driven by safe-haven demand. Analysts also said that at the same time, Bolivia's state-owned gold traders have outlined plans to triple gold purchases this year to increase the country's central bank's foreign exchange reserves.