Gold rises amid expectations of US inflation data

Gold prices rose on March 11, supported by safe-haven flows as trade war concerns sapped risk sentiment across wider markets, while attentions was on US inflation data, Report informs via Reuters.

Spot gold climbed 0.7% to $2,908.94 an ounce as of 0844 GMT after hitting its lowest since March 3 in the previous session. US gold futures rose 0.5% to $2,913.70.

The dollar index hit a four-month low, making bullion less expensive for overseas buyers, while the benchmark 10-year US Treasury yield also fell.

US President Donald Trump's fluctuating trade policies - imposing and delaying tariffs on Canada and Mexico, while raising duties on Chinese goods - have roiled the global financial markets. China and Canada have responded with tariffs of their own.

"In the short-term, we expect investor focus to remain on the effect policy changes, in particular tariffs, will have on US growth and inflation expectations and how this could not only affect real rates but also further incentivize global central bank purchases," said Trevor Yates, analyst at Global X.