Gold continues to rise with fears of a wave of American inflation. Prices fell in spot transactions by 0.40% to $2,271.5 per ounce.
Gold has risen more than 10.8% so far this year and is on track to rise for the seventh day in a row. Federal Reserve policymakers said yesterday that they believe it would be "reasonable" to cut US interest rates three times this year, although the latest strong economic data has raised investors' doubts about this outcome.