Conjecture about an increase in consumer prices will strengthen demand pushed up gold futures for the fourth straight day on Thursday morning, Bloomberg reports. Must Read Sony Prepares Playstation Tablet From Checkers To Watson, A Brief History Of Man Vs. Robot (SLIDESHOW) Sponsorship Link Profitable forex trading - only 5 minutes a day January saw an increase in cost of living in the U.S., marking the seventh straight month that the metric has gone up. In the U.K., the consumer price index rose to its highest level in 26 months in January. Price for gold have capitalized on "an alarming U.K. CPI print," according to a Thursday report from UBS analyst Edel Tully. "Expectations of last year's import duty hike caused our physical sales to India to accelerate about three days before the budget." Shortly before 8:30 a.m. on Thursday, gold futures were up 0.36 percent, a $4.90 climb to $1,380 per troy ounce. Also pushing up gold futures are reports about India, the globe's biggest buyer of the precious metal, acquiring more gold in advance of gold duties increasing per the government's budget announcement planned for later this month, according to UBS. Demand for Indian and Chinese jewelry rose struck record level in 2010, according to the World Gold Council.

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