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Gold climbed back towards last week's five-month peak on Thursday, undeterred by a stronger US dollar and bond yields, as investors looked to the safe-haven asset amid the Middle-East conflict. Spot gold rose 0.5% to $1,989.50 per ounce by 0948 GMT, trading just shy of its highest level since May 16 hit on Friday. US gold futures rose 0.3% to $2,000.50. The dollar and benchmark US 10-year Treasury yields were boosted after robust data on Wednesday emboldened expectations of prolonged high rates heading into 2024.

Spot gold rose 0.3% to $1 879.25 per ounce by 0541 GMT, its highest level since September 27.

By Swati Verma Oct 12 (Reuters) - Gold prices hit two-week highs on Thursday as the dollar and Treasury yields stumbled ahead of an eagerly awaited U.S. inflation report that could throw some light on the Federal Reserve's cautious tilt on interest rates. Spot gold rose 0.3% to $1,879.25 per ounce by 0541 GMT, its…

Spot gold inches up with dollar on track for longest weekly winning streak in nine years

Gold prices rose to a one-week high on Thursday, supported by a slightly weaker dollar, while traders digested fairly balanced comments from U.S. Federal Reserve Chair Jerome Powell after a widely...