With the value of the US dollar under pressure in the wake of consumer price inflation data, the price of gold moved upwards with gains to the resistance level of 1828 dollars an ounce. The increase in the price of gold comes as the US dollar index DXY fell 0.7 percent after the highly anticipated Labor Department report showed that the annual rate of US consumer price growth again reached its highest level in nearly 40 years. The official report showed the annual rate of consumer price growth accelerating to 7.0 percent in December from 6.8 percent in November, showing the largest annual jump since June 1982. Core ... (full story)