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%.
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