Gold futures settled $38.80 higher (+1.0%) at $4,047.60/oz, as a softer U.S. dollar and lower Treasury yields increased demand for the metal following a sharp recent pullback. The rebound was also supported by bargain hunting after gold briefly fell below $4,000/oz, while investors took comfort in inflation data that did little to alter expectations for Federal Reserve policy.
U.S. Dollar Index is down about -0.2% to $101.41.