<p>Gold added USD 11.13, or 0.8 per cent to USD 1,372.98 an ounce, the highest price since January 19 in London. The precious metal for April delivery was 0.5 per cent higher at USD 1,372.50 on the Comex in New York.<br /><br />Silver for immediate delivery in London increased 0.3 per cent to USD 30.71 an ounce. China's consumer prices rose 4.9 per cent in January from a year earlier, the nation's statistics bureau said, exceeding the government's 2011 target for four months.<br /><br />Concerns about rising inflation and currency debasement drove prices up 30 per cent last year, setting a record USD 1,431.25 in December. China last week joined India, Indonesia, Thailand and South Korea in boosting interest rates as policy makers sought to cool the economies leading a global rebound.<br /><br />Bullion declined 3.5 per cent this year as signs the economic recovery is strengthening curbed demand for a protection of wealth.</p>
<p>Gold added USD 11.13, or 0.8 per cent to USD 1,372.98 an ounce, the highest price since January 19 in London. The precious metal for April delivery was 0.5 per cent higher at USD 1,372.50 on the Comex in New York.<br /><br />Silver for immediate delivery in London increased 0.3 per cent to USD 30.71 an ounce. China's consumer prices rose 4.9 per cent in January from a year earlier, the nation's statistics bureau said, exceeding the government's 2011 target for four months.<br /><br />Concerns about rising inflation and currency debasement drove prices up 30 per cent last year, setting a record USD 1,431.25 in December. China last week joined India, Indonesia, Thailand and South Korea in boosting interest rates as policy makers sought to cool the economies leading a global rebound.<br /><br />Bullion declined 3.5 per cent this year as signs the economic recovery is strengthening curbed demand for a protection of wealth.</p>