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Gold poised for 4th weekly fall as investors hone in on US inflation

Gold poised for 4th weekly fall as investors hone in on US inflation

10 Dec 2021

Gold prices edged higher on Friday but were headed for a fourth straight weekly fall as investors kept to the sidelines ahead of key U.S. inflation data that could influence the Federal Reserve’s next policy move. Spot gold rose 0.1% to $1,776.23 per ounce by 0057 GMT. U.S. gold futures gained 0.1% to $1,778.60.