Spot gold climbed nearly 2% to $4,154.32 per ounce as persistent 4.2% inflation and central bank uncertainty keep investors turning to precious metals in

Precious metals were firmly in negative territory, as fears about inflation and the Federal Reserve's interest rate path weighed on investor sentiment.

Spot gold rebounded from a six-month low of $4,022 per ounce after shedding roughly 13% in a month, with US PPI inflation data poised to set the next