
“Gold prices climb above $4,700 a troy ounce as investors await the release of key U.S. inflation data and Federal Reserve Chairman Kevin Warsh’s speech at the Jackson Hole symposium. In early European trading, New York gold futures rose 0.4% to $4,700.50 an ounce, their highest since mid-May. “The Treasury’s surprise ramp-up in buybacks of long-dated government debt revived concerns about a weaker dollar and pushed investors toward alternatives,” analysts at Saxo Bank say. Meanwhile, silver is down 0.8% to $69.01 an ounce, while platinum rises 0.6% to $1,906.50 an ounce.”
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