Gold prices hovered near one-month lows on Friday as markets assessed the cooler-than expected U.S. inflation data, with bullion still set to wrap up its worst week in seven as the U.S. dollar and bond yields stood strong.
Spot gold edged 0.2% higher to $1,914.87 per ounce but still traded near its lowest levels since July 7 seen earlier in the day. U.S. gold futures were flat at $1,946.90.
Gold prices have slid about 1.4% for the week so far as the U.S. dollar index and benchmark 10-year Treasury bond yields were both on track for their fourth consecutive weekly gain. [* The U.S.
consumer price index (CPI) gained 0.2% last month, matching June’s increase. The annualized rate climbed 3.2%, but was less than the Reuters forecast of 3.3%.
For more Updates Do follow us on Social Media
Facebook Page https://bit.ly/3blw5Rg
Instagram https://bit.ly/3MsRHbP
YouTube https://bit.ly/3LjGj2L
Twitter https://bit.ly/3E9IO5U
Linkedin https://bit.ly/3M17Xlk
WhatsApp Group https://bit.ly/JEWELBUZZ