Gold on Track for Third Weekly Loss as U.S. Inflation Data Looms
Traders lifted rate-hike bets after a stronger producer price reading, leaving gold on track for a third straight weekly decline.
7 Articles
7 Articles
Gold rises to $4,329 but heads for third weekly loss ahead of U.S. inflation
Gold edged higher on Friday but remained on course for a third consecutive weekly decline as investors awaited crucial U.S. consumer inflation data that could determine whether the Federal Reserve resumes interest-rate increases next week. Spot gold rose 0.29 percent to $4,329.25 per ounce by 05:00 GMT, but was down more than 2 percent for […]
Gold prices rose slightly on Friday, but precious metal is heading for the third consecutive week of losses. Investors are waiting for inflation data from the US, which could decisively influence the Federal Reserve's next decision on interest.
Eyes on US inflation data Investors are closely watching the signals that the upcoming CPI data will give regarding the future course of the US Federal Reserve's (Fed) monetary policy. Spot gold price per ounce...
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