NY gold closes higher as dollar falls on CPI data

Newswire

NEW YORK, June 15 (Reuters) - COMEX gold futures settled higher on Tuesday, boosted by a climbing euro after a U.S. inflation report allayed fears that the Federal Reserve would be vigorously raising interest rates, market sources said. The consumer price index for May was up 0.6 percent, but the core CPI, without food and energy, rose a tame 0.2 percent, which had the effect of pressuring the dollar and driving up demand for dollar-denominated gold. "It was mainly interest-rate- and ...

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