Gold prices edge higher on US inflation data despite weekly losses
Spot gold rose 0.1% after US inflation data met expectations, but prices remain on track for a weekly loss.
Key Takeaways
AIGold prices rose after the release of US inflation data that was largely in line with expectations.
Spot gold increased by 0.1% to reach $3,879.71 per ounce.
US gold futures for December delivery settled at $3,922.97 per ounce at the close of trading.
Despite Friday's slight gain, gold prices are set to record a weekly loss.