The yellow metal continues to record gains for the fifth consecutive session and is trading at its highest level since mid-June at levels of $ 1852 an ounce, an increase of more than 1.2%, coinciding with the opening of the American markets for the session today, Wednesday, benefiting from the rise in global inflation fears after the released data.

The data released moments before by the Bureau of Labor Statistics in the United States of America showed that the CPI, which measures annual inflation over the past 12 months, rose to 6.2% from 5.4% in September, the highest pace since 1990, better than expectations that indicated a rise to 5.8%.

The yellow metal is directly affected by inflation fears, as gold is known as one of the most important investment tools from inflation, ignoring, albeit temporarily, the statements of the Federal Reserve’s Chairman in St. Louis James Bullard on Tuesday to CNBC that he expects the US Federal Reserve to raise interest rates by twice next year after The expected completion of the bond purchase program in the middle of the year.

Silver, in turn, is rising by about 1.5% and is trading at $24.88 an ounce, its highest level in two months.

Platinum records gains by about 0.53% and is trading at levels of $ 1064, while palladium is trading at an increase of about 0.90% at levels of $ 2.039