according to the United States Gold Bureau. Gold provides a hedge against inflation and is in limited supply around the world, so gold coins are considered a stable long-term investment.
Gold prices advanced as US real yields rose two basis points to 1.958%. The US Bureau of Labor Statistics (BLS) revealed that headline CPI was 0.3% MoM, a tenth high, but aligned with estimates.
Gold held a three-day advance after a key US inflation report reaffirmed expectations ... increased 0.3% for a fourth straight month, Bureau of Labor Statistics figures showed Wednesday.