Gold prices inched higher on Friday but were set for their first weekly decline in three as rising inflation fuelled bets of quicker interest rate hikes and dented bullion’s appeal. Spot gold rose 0.2% to $1,861.43 per ounce by 0241 GMT, but was down 0.1% so far in the week. U.S. gold futures also gained 0.2% to $1,864.00.
S&P 500 Index Technical Analysis: Weekly Chart In the weekly charts, S&P 500 was trading in a down channel. S&P 500 is currently trading below the middle line of Bollinger
S&P 500 Index Technical Analysis: Weekly Chart In the weekly charts, S&P 500 is trading in a down channel. S&P 500 is currently trading below all SMA except MA (5)
Stocks fall amid the flood of gains; Eurozone inflation in focus The FTSE 100 was down 0.2% at 7,901.94. Preliminary data released earlier by Eurostat showed that Eurozone inflation eased