Gold rises on lower than expected inflation data

CHICAGO, April 12 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose Wednesday as U.S. inflation is smaller than expected.

The most active gold contract for June delivery rose 5.90 U.S. dollars, or 0.29 percent, to close at 2,024.90 dollars per ounce.

The U.S. Labor Department reported Wednesday the U.S. consumer price index (CPI) rose 0.1 percent in March, below marke