Gold prices steady near one-week low ahead of US inflation data
Gold held near its lowest level in a week on Friday as investors awaited US inflation data and rising expectations of an interest rate hike.
Key Takeaways
AIGold prices held steady near a one-week low on Friday, as expectations grew for a US interest rate hike and investors awaited the release of US consumer price index data.
Spot gold traded at $4,318.88 per ounce, after earlier touching its lowest level since September 2.
Meanwhile, US gold futures for December delivery fell 1.1% to $4,359.50 per ounce.
Changes in other precious metal prices
A market report showed that spot silver slipped 0.1% to $63.48 per ounce, platinum was steady at $1,777.42, and palladium dropped 0.2% to $1,279.25 per ounce.