Gold Leaps To 3½-Month High On Weaker Dollar

Precious-Gold hit its highest level in more than three months on Wednesday as the dollar continued its drop on expectations would delay its liftoff after the release of downbeat Chinese inflation data. The yellow metal hit a high of $1176.01 an ounce, while it currently trading at $1172.33, where it opened at $1168.32. Data from China released on Wednesday showed annual CPI inflation cooled down to 1.6 percent in September, while producer prices remained in negative zones.

from Energy and Metal Commentaries http://ift.tt/1GcVrKX