Suara.com – The world gold price tends to be stable. Quoting CNBC, Thursday (14/1/2021), the price of gold in the spot market changed slightly to USD 1,854.84 per ounce.
Meanwhile, US gold futures closed up 0.6 percent to $ 1,854.90 per ounce.
The US Department of Labor said the consumer price index rose 0.4 percent last month after rising 0.2 percent in November.
Gold is generally considered a hedge against inflation and currency depreciation that can result from widespread stimulus.
However, higher bond yields challenged that status recently as they increased the opportunity cost of holding interest-free gold.
US President-elect Joe Biden said he would release plans to provide trillions of dollars of support for the American economy as it grapples with the coronavirus crisis.
Other precious metals, silver fell 0.5 percent to US $ 25.45 per ounce, platinum jumped 2.2 percent to US $ 1,099.55 per ounce and palladium rose 0.2 percent to US $ 2,396.71 per ounce.
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