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Gold Rises 1% to $4,347.57 as German Investor Sentiment Improves

Gold Rises 1% to $4,347.57 as German Investor Sentiment Improves

Gold prices climbed 1% to $4,347.57 per ounce. The rise came as data showed German investor sentiment improved, giving a lift to the metal.

German sentiment data

Investor confidence in Germany strengthened, according to a recent survey. The brighter mood among investors helped support gold's advance.

Gold's latest move

The increase pushed spot gold above the $4,340 level for the first time in days. The move coincided with the upbeat German sentiment report.