The price of gold edged higher for a third session Thursday morning as markets digested news that the European Union has agreed to an aid package for debt-laden Greece.
April gold was up $9.00 to $1,085.30 an ounce. Gold has been rising this week, even as the dollar has held onto most of its advance to 8-month highs versus the euro and sterling.
Gold generally moves opposite the dollar, but rising demand from China and hopes that the European debt crisis has been remedied have given the precious metal a boost.
Silver and platinum were also edging up in morning deals.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.