Singapore: Gold prices rose for the third consecutive session yesterday, as lower-than-expected US inflation data boosted bets that the Federal Reserve (US central bank) may raise interest rates again next month and then halt the increases. Gold in instant transactions rose 0.1 percent to $2016.99 per ounce, while US gold futures rose 0.3 percent to $2,030.70. As for other precious metals, silver increased in spot transactions by 0.1 percent to $25.50 per ounce, platinum settled at $1015.06, and palladium rose 0.3 percent to $1464.16.
