Gold Gains as US Dollar Slips, but Dollar Strength Drives a Fourth Straight Weekly Loss
From thegoldforecast.com
Gold pushed higher on Friday, drawing support from a softer U.S. dollar after this week's inflation data nudged rate-hike expectations a touch lower. Yet for all of the day's firmness, bullion remains on course for its fourth consecutive weekly decline — a useful reminder that one constructive session does not reverse a trend. Spot gold rose about 1.3% to trade near $4,077 an ounce, while August futures settled 1.2% higher at $4,096.30. The dollar eased from recent highs following Thursday's release of the Federal Reserve's preferred inflation gauge. The Personal Consumption Expenditures Price Index climbed 4.1% over ...
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