Gold rises on slowed inflation data

CHICAGO, Dec. 22 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Friday on slowed inflation data.

The most active gold contract for February delivery rose 17.80 U.S. dollars, or 0.87 percent, to close at 2,069.10 dollars per ounce.

The U.S. Commerce Department reported Friday that the personal consumption expenditures (PCE) price index, an inflation gauge the Fed