Gold rises as U.S. inflation matches expectations
CHICAGO, Aug. 11 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Wednesday as U.S. July consumer price index (CPI), a key inflation indicator, matches market expectations.
The most active gold contract for December delivery rose 21.6 U.S. dollars, or 1.25 percent, to close at 1,753.3 dollars per ounce.
U.S. Department of Labor on Wednesday reported that U.S. CPI