Gold on course for fourth weekly fall on U.S. inflation jitters – Reuters
- Date: 10-Dec-2021
- Source: Reuters
- Sector:Oil & Gas
- Country:Middle East
Gold on course for fourth weekly fall on U.S. inflation jitters – Reuters
Dec 10 (Reuters) - Gold prices were set for a fourth straight weekly fall on Friday as caution prevailed ahead of U.S. inflation data that could prompt the Federal Reserve to scale back its bond purchases at a faster pace.
Spot gold was flat at $1,774.39 per ounce by 0613 GMT. U.S. gold futures were steady at $1,776.60.
Bullion prices have fallen 0.5% so far in the week as investors exercised caution before the U.S. Consumer Price Index report, due at 1330 GMT, and the Fed policy meeting next week.
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