Gold rose on Tuesday after a flurry of inflation data signalled a continued increase in price pressures, while this week's near-1% decline in the bullion price enticed some physical buying.
Renewed concern about Greece and its ability to fund itself remained on the boil, while US wholesale prices rose again in May and consumer spending staged its first drop in 11 months, fanning existing concern about the world's largest economy.
Chinese data earlier showed inflation in the world's second largest economy is running at its fastest pace in almost three years, giving investors an additional incentive to buy gold, which can act as a hedge against rising price pressures.
Chinese data earlier showed inflation in the world's second largest economy is running at its fastest pace in almost three years, giving investors an additional incentive to buy gold, which can act as a hedge against rising price pressures.
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